On the basis of the three individual demand schedules in the table below, and assuming these three

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On the basis of the three individual demand schedules in the table below, and assuming these three people are the only ones in the society, determine

(a) the market demand schedule on the assumption that the good is a private good and

(b) the collective demand schedule on the assumption that the good is a public good. LO2

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Essentials Of Economics

ISBN: 9780077502140

3rd Edition

Authors: Stanley Brue, Campbell McConnell, Sean Flynn

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