Complete the following table with each roommate's total willingness to pay for this many movies and the surplus each person obtains from watching the movies. Roommate Raphael Alex Clancy Hubert Total Willingness to Pay (Dollars) Consumer Surplus (Dollars) In order to split the cost in a way that ensures that everyone benefits, the cost could be divided up based on the benefits each roommate receives. The practical problem with this solution is that each roommate has an incentive to the value of the movies to him. Suppose they agree in advance to choose the efficient number and to split the cost of the movies equally. True or False: When Raphael is asked his willingness to pay, he will have an incentive to understate the value of the movies to him. True False This examples teaches you that the optimal provision of a public good will occur if individuals the good. an incentive to hide their valuation of

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