A Public Highway Looks Like a Collective Consumption Good Because

question 32

Multiple Choice

A public highway looks like a collective consumption good because there is very little traffic on it and zero congestion.Hence the marginal cost of an additional car is zero.Which of the following statements best describes why we should not assume that the road would always be a collective consumption good?

• A)The lack of congestion could be the result of government overproduction.
• B)The lack of congestion could be because of its low speed limit.
• C)The lack of congestion could be because of excessive police ticketing.
• D)The lack of congestion is because of the lower cost of alternative means of travel.

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Definitions:

Memory Access

involves the processes by which the information stored in memory is retrieved.

Specificity

The quality of being clearly defined or specific, often used to describe the precise nature of something such as an instruction, task, or condition.

Stereotype

A fixed, over-generalized belief about a particular group or class of people, often leading to prejudgment.

Prejudice

A preconceived opinion or bias against an individual or group without sufficient knowledge, usually negative.