Business, 19.12.2019 03:31 Mlpgirl233

Bob, jack and norman are the only people living on an island. they are trying to decide whether or not they should build a lighthouse. bob is willing to pay $1000 for one lighthouse, jack is willing to pay $1200 for one lighthouse, and norman is willing to pay $500 for one lighthouse. the cost of providing a lighthouse is $2000. if the lighthouse is a public good, efficiency requires:

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Bob, jack and norman are the only people living on an island. they are trying to decide whether or n...