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Free to air television (FTA) is a pure public good that is consumed by two individuals, Gordon and Desmond. Gordon has a demand for FTA given by the following: q=25-0.5p. Desmond has a demand curve...

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Free to air television (FTA) is a pure public good that is consumed by two individuals, Gordon and Desmond. Gordon has a demand for FTA given by the following: q=25-0.5p. Desmond has a demand curve for FTA given by the following: q=35-p. If the constant marginal cost of producing FTA is $40, in a competitive market the quantity of television would be ____ while the efficient quantity of FTA is equal to _____;Answer
5 ; 15.
10 ; 15.
5 ; 10.
15 ; 15.
none of the above.
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Answered Same Day Dec 23, 2021

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Robert answered on Dec 23 2021
130 Votes
Free to air television (FTA) is a pure public good that is consumed by two individuals, Gordon and
Desmond. Gordon has a demand for FTA given by the following: q=25-0.5p. Desmond has a demand
curve for FTA given by the following: q=35-p. If the constant marginal cost of producing FTA is $40, in a
competitive market the quantity of television...
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