Multiple Choice
The Massachusetts Turnpike is a tolled freeway running through the state of Massachusetts.Motorists must pay tolls at various points along the Turnpike based on the distance they traveled on the freeway.Suppose that despite the tolls,many motorists in the urban areas use the Turnpike causing traffic to slow during peak times.What type of good would the Turnpike be classified as in this case?
A) Private good
B) Natural monopoly
C) Common resource
D) Public good
Correct Answer:
Verified
Correct Answer:
Verified
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