Private Markets Usually Fail to Provide Lighthouses Because

question 22

Multiple Choice

Private markets usually fail to provide lighthouses because

• A)lighthouses cost too much to build relative to their benefits.
• B)government intervention makes it hard for private lighthouse owners to compete in the market.
• C)ship captains have incentives to use lighthouses without paying.
• D)lighthouses are valued very little by ship captains these days.

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Definitions:

Foot Locker

A global retailer of athletic footwear and apparel, with stores in numerous countries, known for its wide selection of branded sports shoes, clothing, and accessories.

Nike Store

Retail outlets operated by Nike, Inc., offering a range of Nike branded footwear, apparel, and equipment.

Shopping Mall

A large indoor retail complex containing various stores, restaurants, and often entertainment facilities under one roof.

Microsoft

A multinational technology company known for its software products like Windows operating systems and Office suite, as well as hardware products like the Xbox and Surface devices.