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Business, 30.10.2021 14:00 kittycat92

The market demand curve of a good that is rival in consumption and excludable is the horizontal sum of the individual demand curves. However, the marginal social surplus curve of a public good is the vertical sum of the individual marginal benefit curves. What aspect of a public good causes the demand curves to be summed vertically instead of horizontally

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The market demand curve of a good that is rival in consumption and excludable is the horizontal sum...

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