Finding the Efficient Quantity

Dec 10, 2025

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This text explores the concept of efficient quantity in the context of supply and demand, highlighting the price points of $18, $12, and $6 along with the number of units available. It examines the characteristics of goods, specifically focusing on rivalrous and excludable goods. A rival good is described as one that cannot be consumed by more than one person at the same time, while an excludable good is one that prevents non-payers from consuming it. This understanding is crucial for determining optimal market strategies.

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Finding the Efficient Quantity

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Finding the Efficient Quantity $/unit Demand Supply $18 $12 $6 0 10 20 30 Number of Units
Characteristics of Goods Rival • A unit of the good cannot be consumed by more than one person at one time. Excludable • People who do not pay for the good can be prevented from consuming it.