Which of the following characteristics can be associated with a museum charging entry fees to all the visitors above 12 years of age?
A)Nonexclusion
B)Positive externality
C)Exclusion
D)Negative externality

Question

Quizplus · Accepted Answer

Charging entry fees to all visitors above 12 years of age is an example of exclusion, as it prevents individuals who cannot afford the fee from accessing the museum. Nonexclusion would mean that anyone can access the museum without any barrier or cost. Positive externality would refer to a situation where the museum's benefits spill over to the community, while a negative externality would occur if the museum's operations have adverse effects on the environment or public health.

Which of the Following Characteristics Can Be Associated with a Museum