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public finance

 
 
Myo Myo
 
Reply Thu 12 Jan, 2017 02:34 am
Assume that thedemand for consuming a public good is given by P=20-q. Thet total cost for providing the good is 70. Assume also that the price for consuming the good is set at 5. Will there be enough revenues to cover the cost of proving the public good? Show in a figure and explain. Why does this price level not generate an efficient situation?
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