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  3. Study Set
    Principles of Economics
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    Exam 11: Public Goods and Common Resources
  5. Question
    Suppose the Owners of a Lighthouse Demand Payments from a Nearby
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Suppose the Owners of a Lighthouse Demand Payments from a Nearby

Question 83

Question 83

True/False

Suppose the owners of a lighthouse demand payments from a nearby port for the lighthouse service, threatening to turn off the lighthouse otherwise.The lighthouse is now closer to a private good.

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