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Suppose Margaret and Thomas are the only two homeowners in the neighborhood. Margaret's demand for clean streets is Q = 50 - 2P. Thomas's demand
Suppose Margaret and Thomas are the only two homeowners in the neighborhood. Margaret's demand for clean streets is Q = 50 - 2P. Thomas's demand for clean streets is Q = 40 P. If the marginal cost of cleaning the streets is $35, The socially optimal number of clean streets is streets. (Note: this should a numerical answer) Margaret will pay $ for cleaning the streets. Thomas will pay 35 for cleaning the streets
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