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Question: 3 public goods there are three consumers of a public...

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3. Public Goods. There are three consumers of a public good. The demands for consumers are as follows P50-G P2110 G where G measures the number of units of the good and pi is the price in dollars. The marginal cost of the public good is $190. (a) What is the optimal level of provision of the public good according to the Samuelson condition? Illustrate your answer with a graph (b) Explain why the public good may not be supplied at all under voluntary contribution.

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