
When might a lighthouse be considered a private good
A) if there is a second lighthouse nearby, thus preventing a monopoly
B) if the owner of the lighthouse is able to exclude beneficiaries from receiving the benefits of the lighthouse
C) if ships are able to enjoy the benefits of the lighthouse without paying for the benefit
D) if a lighthouse benefits many ship captains
Correct Answer:
Verified
Q60: Why is national defence provided by the
Q61: Suppose that Martin owns a lighthouse and
Q62: The town of Turner Valley does not
Q63: Why is a cost-benefit analysis of a
Q64: What is the proper method to fight
Q66: The privately owned school system in Smalltown
Q67: When the government decides to build a
Q68: Why it is difficult to use cost-benefit
Q69: Assuming that everyone prefers to live in
Q70: What is the greatest difficulty with cost-benefit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents