Multiple Choice
A lighthouse might be considered a private good if
A) there is a second lighthouse nearby, thus preventing a monopoly.
B) the owner of the lighthouse is able to exclude beneficiaries from receiving the benefits of the lighthouse.
C) ships are able to enjoy the benefits of the lighthouse without paying for the benefit.
D) a nearby port authority is able to avoid paying any fees to the lighthouse owner.
Correct Answer:
Verified
Correct Answer:
Verified
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