Because we find the marginal benefit from a public good by summing the marginal benefits of all

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Because we find the marginal benefit from a public good by summing the marginal benefits of all individuals at each quantity, we find the MSB curve for a public good by summing the individual marginal benefit curves vertically. In contrast, to obtain the MB curve for a private good—

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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