Using prices to promote efficiency in the utilization of bridges,
A)higher prices should be charged for the use of the most crowded bridges.
B)lower prices should be charged for the use of the uncrowded bridges.
C)traffic would be equalized among the bridges where space is a scarce resource.
D)All of the responses are correct.

Question

Quizplus · Accepted Answer

All the responses are correct because they collectively describe a strategy to promote efficient use of bridges by adjusting prices based on demand. Higher prices for crowded bridges discourage excessive use, while lower prices for uncrowded bridges encourage more use, thereby equalizing traffic and optimizing the utilization of bridge resources.

Using Prices to Promote Efficiency in the Utilization of Bridges