5. Tollway fee is characterized as: a.) Nonrival and excludable b.) Nonrival and nonexcludable c.) Rival...
5. Tollway fee is characterized as:
|
a.) Nonrival and excludable |
|
|
b.) Nonrival and nonexcludable |
|
c.) Rival and nonexcludable |
|
|
d.) Rival and excludable |
Homework Answers
Answer : The answer is option d.
Tollway is a private good. If anyone use the tollway then they have to pay for it. The characteristic of a private good is rival and excludable. So, option d is correct.
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5. Tollway fee is characterized as:
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14. The Illinois Tollway that connects Rockford to Chicago is constantly congested with traffic jams. Motorists...
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