Suppose That Martin Owns a Lighthouse,and Lewis Owns a Nearby

question 31

Multiple Choice

Suppose that Martin owns a lighthouse,and Lewis owns a nearby port.Martin's lighthouse benefits only those ships that enter Lewis's port.Which of the following statements is not correct?

• A)Martin's lighthouse may be considered a private good.
• B)Martin can reduce the free-rider problem by charging Lewis a usage fee.
• C)Martin can exclude Lewis's port from benefiting from the lighthouse by simply turning the power off.
• D)Martin's lighthouse would be considered a common resource.

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Definitions:

Routes

Specific paths or courses taken to reach a destination or achieve a goal.

Transportation Problem

A type of optimization problem in operations research that involves determining the most efficient routing and scheduling of transportation resources to meet requirements.

Routes

Predefined paths or courses taken for the distribution of goods from suppliers to customers.

Origins

The initial starting points or sources from which something arises, such as the beginnings of a supply chain or product development process.