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Public Goods: Demand Curve and Optimal Quantity
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Public Goods: Demand Curve and Optimal Quantity
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8. The Types of Goods / Public Goods: Demand Curve and Optimal Quantity / Problem 1
Problem 1
What does the marginal social benefit curve represent?
A
The sum of individual valuations of a public good.
B
The individual demand for a private good.
C
The equilibrium price of a public good.
D
The total cost of producing a public good.
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