How would your answer change if there were 5 stores?

the Show more Three stores have a problem with theft and security is a public good. Lets use S to stand for the number of person-hours of security patrols per week. The marginal benefit of security patrols to each of the stores is given by the formula MB = 100 2S and the cost of patrols is $30 per hour. What is the socially efficient level of security? If security is left to the EC 301 Spring 2014. Problem set 6 Page 2 of 2 independent decisions of the stores what will they choose? How would your answer change if there were 5 stores? Show less

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