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One Way to Verify That 11 Is the Socially Optimal

Question 30

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One way to verify that 11 is the socially optimal outcome in Flagston is to compare the consumer surplus gained by an output of 11 with the consumer surplus received when the majority voting equal pay outcome of 10 is bought.How much consumer surplus is gained by the 11th firecracker?

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The consumer surplus with 10 units of fi...

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