A congested toll road is an example of which type of good?Group of answer choicesA public good.A common resource.A natural monopoly good.A private good.

Question

A congested toll road is an example of which type of good?Group of answer choicesA public good.A common resource.A natural monopoly good.A private good.
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Solution 1

A congested toll road is an example of a natural monopoly good.

Here's why:

  1. A public good is one that is non-excludable and non-rivalrous, meaning that individuals cannot be effectively excluded from its use, and use by one individual does not reduce its availability to others. This does not a Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv

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