An Uncongested,toll Road Is Characterized By

question 13

Multiple Choice

An uncongested,toll road is characterized by:

• A)nonexclusion and nonrivalry in consumption.
• B)nonexclusion but rivalry in consumption.
• C)exclusion and nonrivalry in consumption.
• D)exclusion but rivalry in consumption.

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Definitions:

Significant Differences

Notable or substantial variations between two or more items, figures, or outcomes.

Standards

Established benchmarks or norms that are used for measuring performance or compliance.

Normal Application

In cost accounting, it pertains to the standard method used to allocate overhead costs to products or services.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.