Consider the case of greenhouse gas (GHG) sequestration (removal from the atmosphere) as a public good. Suppose there are 100 identical countries, each of which has an identical inverse demand function for carbon removal given by: p=30- QD where Qp is the number of tons of GHGs removed from the atmosphere, and p is the marginal willingness to pay for removing carbon. Assume the marginal cost of sequestering GHGs is constant and $25 per ton. What is the total net benefit to all countries of sequestering the optimal amount of GHGs?

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