Multiple Choice
A lighthouse is typically considered to be a public good because
A) the owner of the lighthouse is able to exclude beneficiaries from enjoying the lighthouse.
B) there is rarely another lighthouse nearby to provide competition.
C) a nearby port authority cannot avoid paying fees to the lighthouse owner.
D) all passing ships are able to enjoy the benefits of the lighthouse without paying.
Correct Answer:
Verified
Correct Answer:
Verified
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