Citizens of Tinytown are considering building a new park. If each voter in Tinytown has a reservation price that is less than the total cost of the park, then:
A) the benefit of the park is less than the cost of the park, so the park should not be built.
B) some sort of collective action by voters will be necessary to fund the park.
C) a private firm will have an incentive to build the park.
D) the park will never be built.
Correct Answer:
Verified
Q85: Clint, Lee and Eli are the only
Q86: Lane and Riley are the only two
Q87: Clint, Lee and Eli are the only
Q88: If the popular television show The Bachelor
Q89: If a boxing fight is shown on
Q91: If the popular television show The Bachelor
Q92: An Internet site that maintains a database
Q93: Assume that each day ten thousand children
Q94: If a boxing fight is shown on
Q95: If a boxing fight is shown on
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