StudyGPT Just Leveled Up – Say Hello to Knowee! 🚀
Knowee
Questions
Features
Study Tools

The Nairobi Express way is a type of whatQuestion 5Select one:a.Pure Private goodb.Pure public goodc.Mixed private goodd.Mixed Public good

Question

🧐 Not the exact question you are looking for?Go ask a question

Solution

The Nairobi Expressway can be classified as a Mixed Public Good.

Here's why:

  1. A pure private good is one that individuals must purchase to use and is consumed by one party and not available to others. This does not apply to the Nairobi Expressway as it is available for public use.

  2. A pure public good is one that is non-excludable and non-rivalrous, meaning it's available to all and one person's use doesn't reduce its availability to others. This doesn't fully apply to the Nairobi Expressway as it can become congested, reducing its availability to others.

  3. A mixed private good is a private good that has some public characteristics. This doesn't apply to the Nairobi Expressway as it is not a private good.

  4. A mixed public good is a public good that has some private characteristics. This applies to the Nairobi Expressway as it is a public good (it's available to all) but it has some private characteristics (it can become congested, reducing its availability to others).

So, the answer is d. Mixed Public Good.

This problem has been solved

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.