Every dollar of collective advertising by the beef industry, Econometrics

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Every dollar of collective advertising by the beef industry

Every dollar of collective advertising by the beef industry results in $5.67 in additional marginal revenue for producers (as discussed in the application "What's Their Beef?"). Is the industry advertising optimally ? Explain your answer. (Hint: Is there free riding?)

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Econometrics: Every dollar of collective advertising by the beef industry

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Econometrics: Every dollar of collective advertising by the beef industry

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