explain lindahl equilbrium with the help of diagram
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lindahl equilibrium is a concept related to public goods. It tells us that ratio of benefit received by individual remains the same. No matter how much quantity consumed by an individual.
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Lindahl equilibrium is a state of equilibrium in a quasi-market for a pure public good. Like a competitive market equilibrium, the supply and demand for the good are balanced, in addition to the cost and revenue to produce the good. Lindahl equilibrium depends on the possibility of implementing an effective Lindahl tax, first proposed by the Swedish economist Erik Lindahl.
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