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Economics Explain the relationship between Lindahl equilibrium and efficiency in the production of a collective consumption good. Does Lindahl equilibrium necessarily imply that the good
Economics Explain the relationship between Lindahl equilibrium and efficiency in the production of a collective consumption good. Does Lindahl equilibrium necessarily imply that the good is being produced efficiently? Does efficiency in the production of the good necessarily imply Lindahl equilibrium? How is Lindahl equilibrium beneficial to the political process of agreeing on the quantity of public sector output? Use a graph to illustrate your
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