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There is an excludeable public good. It will be provided by a club, which must fund the good through membership fees. Agents value the good differently, but the club manager knows the socially efficient level of the good. Consider the forowng two properties. Which of these must be true for the manager to be able to set membership fees to fund the efficient level of the good? (i) The club manager knows each agents marginal valuation of the good at the efficient level. (ii) The club manager can charge different agents different membership fees. O a. Even if (i) and (ii) are true, this may not be possible. O b. Only (ii) need be true. O c. Only (i) need be true. O d. Both (i) and (ii) must be true