Multiple Choice
The market demand curve for a public good
A) is derived in the same manner as demand curves for private goods.
B) is derived by horizontally summing all individual demand curves.
C) shows the total value that all individuals place on each unit of the good.
D) shows the total number of units that would be produced by the private sector at each possible price.
E) shows the average value that all individuals place on each unit of a good.
Correct Answer:
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