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What is the private optimum and public optimum

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Reference no: EM132029368

There are two residents in a town, they both have demand for a public good, the price of the public good is $6/each. Resident A's demand is Q=40-8p, Resident B's demand is Q=36-4P.

What is the private optimum and public optimum.

Need details of the difference between private and public optimum.

Reference no: EM132029368

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