Running water in your home is a private good. You can use the water in your home as you see fit, and whatever water you

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Running water in your home is a private good. You can use thewater in your home as you see fit, and whatever water you use can’tbe used by others at the same time. In cities, water is generallysupplied by a monopolist: the city, a water district, or otherequivalent public entity is providing this private good, ratherthan relying on the market to do so. Households in rural areas, onthe other hand, often must rely on their own wells. Provide atleast two reasons why this makes sense and explain your reasonsthoroughly.
Consider the Samuelson Condition for optimal provision of publicgoods a) Explain the Samuelson Condition in plain English. b)Illustrate how the Samuelson Condition can be interpretedgraphically by looking at demand curves