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The efficient quantity of a public good produced is: a. determined by the intersection of the market demand and market supply curves. b. determined by

The efficient quantity of a public good produced is:

a.

determined by the intersection of the market demand and market supply curves.

b.

determined by the intersection of the market demand curve and the marginal cost curve.

c.

achieved where marginal revenue product equals marginal factor cost.

d.

achieved where the sum of marginal valuations equals the sum of marginal costs.

e.

achieved at the minimum point of the average total cost curve.

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