A) Will a private firm have any incentive to produce and sell a public good? Please give an explanation.

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A: Game theory is a theoretical framework for conceptualizing social situations including rival players…

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Q: Graphically illustrate the difference between economic efficiency and technical efficiency.

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A: From and including: 1 January 1990 To, but not incorporating 30 December 1990 Result: 363 days…

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Q: H7

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A: A) Production function   F(C,G) =H= C+7G

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A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

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Q: The table below shows the payoffs for two firms competing through advertisement. Firm A and Firm B…

A: * ANSWER :-    Given that ,