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  3. Study Set
    Environmental Economics
  4. Exam
    Exam 3: Modeling Market Failure
  5. Question
    If the Market for a Public Good Is Comprised of Two
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If the Market for a Public Good Is Comprised of Two

Question 2

Question 2

True/False

If the market for a public good is comprised of two consumers, 1 and 2, who have individual demands of p1 = 100 - 0.2QD and p2 = 250 - 0.5QD, then the market demand function would be P = 350 - 0.7QD.

Correct Answer:

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