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Suppose the state is trying to decide how many miles of a very scenic river it...

Suppose the state is trying to decide how many miles of a very scenic river it should preserve. There are 50 people in the community, each of whom has an identical inverse demand function given by P = 20 – q, where q is the number of miles preserved and P is the per-mile price he or she is willing to pay for q miles of preserved river.

Will the welfare maximizing allocation be reached? Why or why not?

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2o- 1000-50 s Ne mc -100 So

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