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Frost Frost
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Posts: 303
A week ago

How does the construction of a market demand curve for a private good differ from that for a public good?



The market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.



There is no difference; in both cases the demand curve is determined by adding up the price each consumer is willing to pay for each quantity of the good.



There is no difference; in both cases the demand curve is determined by adding up the quantities demanded by each consumer at each price.



The market demand curve for a private good is determined by adding up the price each consumer is willing to pay for each quantity of the good but the market demand curve for a public good is determined by adding up the quantities demanded by each consumer at each price.

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rinderbikrinderbik
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A week ago
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The market demand curve for a private good is determined by adding up the quantities demanded by each consumer at each price but the market demand curve for a public good is determined by adding up the price each consumer is willing to pay for each quantity of the good.

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