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Question 3 Not yet answered Points out of 3.00 P Flag question Street lighting is considered a public good. Sandy, Chris, and Eric each value

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Question 3 Not yet answered Points out of 3.00 P Flag question Street lighting is considered a public good. Sandy, Chris, and Eric each value street lighting in their community differently. Sandy's demand for the public good is Q =55 - 5P, Chris's demand is Q = 80 - 4P, and Eric's demand is Q = 100 - 10P. If the marginal cost of an additional street light is $13.5, what is the socially optimal level of street lighting? Answer: Next page Previous page Quiz navigation 5:19 PM 85.F Q Search W 5/5/2023 Partly sunny hp . . . ... 141 insert prt sc delete % 2 3 4 5 O backspace

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