Which of the Following Statements Best Describes the Cause of "Overrun

question 3

Multiple Choice

Which of the following statements best describes the cause of "overrun and overtrampled" national parks?

• A)Park administrators do not use the best science available to manage park resources.
• B)National parks are treated as free goods by their visitors.
• C)National parks do not charge entrance fees.
• D)The price of entrance to national parks is higher than other forms of recreation.

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Definitions:

Monopolist

An individual or company that is the sole provider of a particular product or service in the market, giving them significant control over prices and market conditions.

Marginal Cost Pricing

A strategy where the price of a good or service is set equal to the marginal cost of producing one more unit of it.

Monopolist

An individual or entity that has exclusive control over the supply of a particular good or service, enabling them to manipulate market prices.

Regulated

subject to rules, standards, and guidelines set by governing bodies to control activities, processes, or industries for safety, fairness, or efficiency.