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The monthly rental rate for a satellite dish antenna is $200. There are 100 residents in the condominium community. The maximum marginal benefit any resident will obtain from the antenna is $50 per month. None of the residents values the antenna at less than $25 per month. Is it efficient for this condominium community to rent an antenna? Explain why it is efficient please (maybe with a graph)

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91229793

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