two msu fraternities phi kappa sigma and phi kappa tau are accustomed
Two MSU fraternities, Phi Kappa Sigma and Phi Kappa Tau, are accustomed to each having 6
parties a month. Phi Kappa Sigma and Phi Kappa Tau are located close to each other on Bogue
Street. These parties impose a negative externality on their other neighbors on Bogue Street.
Suppose President Stanley decides that the socially optimal total number of parties on Bogue Street is
8 parties a month. The total benefits each fraternity derives from having a certain number of parties a
month are given in the table below.
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