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Manny, Moe and Jack constitute the market for a retaining wall which is considered to be a public good. The price per foot in height of the retaining wall and their demand for the retaining wall is described in the table above. If the cost to supply the public good is $30 per foot, what is the efficient height of the retaining wall assuming that it is a public good?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M938405

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