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Suppose That a State Installs a Toll Booth on a Highway

Question 118

Multiple Choice

Suppose that a state installs a toll booth on a highway and requires drivers to pay $1.00 before entering the highway. Installation of the toll booth changes


A) a nonexcludable good into an excludable good.
B) a nonrival good into a rival good.
C) public good into a private good.
D) a nonrival good into a nonexcludable good.

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