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How many streetlights are socially optimal

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Reference no: EM132323718

Suppose 10 people each have the demand Q = 20 - 4P for streetlights and 5 people have the demand Q = 18 - 2P for streetlights.

The cost of building each streetlight is 3.

How many streetlights are socially optimal?

Reference no: EM132323718

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