A Lighthouse Might Be Considered a Private Good If

question 261

Multiple Choice

A lighthouse might be considered a private good if

• A)there is a second lighthouse nearby, thus preventing a monopoly.
• B)the owner of the lighthouse is able to exclude beneficiaries from receiving the benefits of the lighthouse.
• C)ships are able to enjoy the benefits of the lighthouse without paying for the benefit.
• D)a nearby port authority is able to avoid paying any fees to the lighthouse owner.

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Definitions:

Stacked Object

A graphical representation of objects positioned one on top of another, often used in data visualization to compare different values.

Stack

A data structure that follows the Last In, First Out (LIFO) principle, where the most recently added item is the first one to be removed.

Color Saturation

The intensity of a color, expressed as the degree to which it differs from white.

Intensity

The strength, brightness, or concentration of a color, sound, or other phenomenon.