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