Explanation it correctly Suppose that Mick and Cher are the only two members of society and are willing to pay $10 and $8, respectively, for the third unit of a public good. Also,assume that the marginal cost of the third unit is $17. We can conclude thatMultiple Choicethe third unit should not be produced.the third unit should be produced.zero units should be produced.4 units should be produced.

Public good is defined as a good or service which can be utilized by each and every person of the…

Answered: the third unit should not be produced.…

the third unit should not be produced. the third unit should be produced. zero units should be produced. 4 units should be produced.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter18: Asymmetric Information

Section: Chapter Questions

Problem 18.7P

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The answer is not quasi-private. Already tried that choice
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