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Suppose that there are three people in society, two "lion" and one "deer. The deer is a pacifist receives negative benefits from national defense; the lions positively value national defense. Show graphically how an efficient output of defense would be determined in this case. Is there any way the government could finance the efficient quantity such that it would win the unanimous support of all three people? Explain

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92202546

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