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Part Three: Analytical Questions (50 marks total) 10. Public Goods Consider an economy with three types of individuals, differing only with respect to their preferences

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Part Three: Analytical Questions (50 marks total) 10. Public Goods Consider an economy with three types of individuals, differing only with respect to their preferences for monuments. Individuals of the first type get a fixed benefit of 250 from the mere existence of monuments, whatever their number. Individuals of the second type get total benefits according to BI = 30M - 2M2 for M

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