Multiple Choice
Suppose that Martin owns a lighthouse,and Lewis owns a nearby port.Martin's lighthouse benefits only those ships that enter Lewis's port.Which of the following statements is not correct?
A) Martin's lighthouse may be considered a private good.
B) Martin can reduce the free-rider problem by charging Lewis a usage fee.
C) Martin can exclude Lewis's port from benefiting from the lighthouse by simply turning the power off.
D) Martin's lighthouse would be considered a common resource.
Correct Answer:
Verified
Correct Answer:
Verified
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