The Super Freeway is Non-toll and congested
The Super Freeway (highway I assume) is an example of a common resource for commuters
Users of this kind of good tend to ignore negative externalities they generate. Thus, goods like the Super highway are subjected to the problem of 1. monopoly pricing / inefficiently low consumption / excludability / overuse
Pleaseee help. Verryyy important!
The Super Freeway (highway I assume) is an example of a common resource for commuters
Users of this kind of good tend to ignore negative externalities they generate. Thus, goods like the Super highway are subjected to the problem of 1. monopoly pricing / inefficiently low consumption / excludability / overuse
Pleaseee help. Verryyy important!