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For a common resource: .:. firms will purchase it up to the point where it's MB exceeds MC. () the individual marginal cost is less
For a common resource: .:. firms will purchase it up to the point where it's MB exceeds MC. () the individual marginal cost is less than the marginal social cost. () underuse results in the market being inefficient. .;:__:;. advertising or branding is required to ensure positive economic profits
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