The Golden Gate bridge is not a pure public good because
A) the bridge is not a nondepletable good.
B) the bridge is nondepletable.
C) the free rider problem could be solved using toll accesses or booths.
D) the marginal cost of another car crossing the bridge is zero.
Correct Answer:
Verified
Q4: "Market power"
A)is the ability to lower costs
Q5: Common property resources lead to market failure
Q6: Natural monopoly arises when
A)there is only one
Q7: An underallocation of resources occurs when
A) marginal
Q7: Private provision of public goods fails to
Q9: underallocation of resources in an industry means
Q9: Market or monopoly power leads to market
Q10: As a policy option for regulating natural
Q12: less information consumers have about product quality,
A)the
Q18: long-run perfectly competitive equilibrium,economic efficiency is achieved
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