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The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million people in the US. Suppose half the population has

The US Navy is building an aircraft carrier. Price: $12 billion. There are about 300 million

people in the US. Suppose half the population has a marginal benefit of this aircraft carrier equal to $100

each. The other half has a marginal benefit of the aircraft carrier equal to -$30 each. (That is, they'd be

willing to pay up to $30 to NOT build the carrier.) Should the aircraft carrier be built?

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