Consider the example of the three homeowners around the lake (the ones depicted in the table below). Suppose the lake was cleaned up to the efficient level of 2 ppm and that the total costs of the cleanup were shared equally among the homeowners (stick to integer values here).

a. Will all three homeowners be better off?

b. What problems does this bring up about sharing the costs of public goods

\fDo Level Marginal Willingness to Pay Aggregate (ppm) U MWTF OUTNOOO NOOUTNO a. Will all three homeowners be better off? b. What problems does this bring up about sharing the costs of public goods O