Bumper-to-bumper traffic on free public roads, a(n) _____ good, is an example of the _____.
A) nonexcludable; free-rider problem
B) excludable; free-rider problem
C) excludable; tragedy of the commons
D) nonexcludable; tragedy of the commons

Question

Quizplus · Accepted Answer

Bumper-to-bumper traffic on free public roads is an example of the tragedy of the commons, where the roads are nonexcludable goods because they are available for everyone to use without direct cost, leading to overuse and congestion.

Bumper-To-Bumper Traffic on Free Public Roads, A(n) _____ Good, Is