The Golden Gate Bridge Is Not a Pure Public Good

question 23

Multiple Choice

The Golden Gate bridge is not a pure public good because

• A) the bridge is not a nondepletable good.
• B) the bridge is nondepletable.
• C) the free rider problem could be solved using toll accesses or booths.
• D) the marginal cost of another car crossing the bridge is zero.

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Definitions:

Collusion

Collusion is an agreement between competitors to limit competition and manipulate market variables such as prices or output, often in order to increase profit margins at the expense of consumers.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded.

World Markets

The aggregate of all geographical markets where goods, services, and financial assets are traded internationally.

International Cartel

An agreement amongst businesses or organizations from different countries aimed at controlling production, setting prices, or limiting competition in the international market.