7. Theoretically, there exists an optimal level of provision for each public good. At this level, societys

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7. Theoretically, there exists an optimal level of provision for each public good. At this level, society’s willingness to pay per unit equals the marginal cost of producing the good. To discover such a level, we would need to know the preferences of each individual citizen.

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Principles Of Microeconomics

ISBN: 9780691150093

13th Global Edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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