The Golden Gate bridge is not a pure public good because
A) the bridge is not a non-depletable good.
B) the bridge is non-depletable.
C) the free rider problem could be solved by using tolls.
D) the marginal cost of another car crossing the bridge is zero.
Correct Answer:
Verified
Q2: When we say that market prices allocate
Q3: Price is $50 and quantity demanded is
Q4: "Market power"
A)is the ability to lower costs
Q5: Common property resources lead to market failure
Q6: Natural monopoly arises when
A)there is only one
Q7: Private provision of public goods fails to
Q8: The cost and demand conditions for residential
Q9: Market or monopoly power leads to market
Q10: An overallocation of resources in an industry
Q11: Firms with market power
A)face downward sloping average
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