Solved

When Might a Lighthouse Be Considered a Private Good

Question 65

Multiple Choice
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

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents