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Supplied in a competitive free market

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Reference no: EM133130293

If movies are public goods, and they are supplied in a competitive free market, depict, with the help of a figure:

a) What the equilibrium quantity will look like relative to a socially optimal quantity

b) Whether this equilibrium is efficient, being careful to provide your reasoning to support the figure (if necessary, you can refer to the figure from (a) ).

Reference no: EM133130293

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