The cost to build a lighthouse is 8000 true false

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Unformatted text preview: eople live on an island. Each person gests a different benefit if a new lighthouse is built. The average benefit is $750 per person, but some people have a benefit as low as $50 while others have a benefit as high as $2,000. The cost to build a lighthouse is $8,000. True, False or Uncertain: Government intervention is not needed to ensure that the efficient number of new lighthouses are built. Q3. Three ship owners would benefit from a lighthouse, which...
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