Multiple Choice
The following data show the relationship between the number of drivers who leave for work at 8:00 am,their average commute times,and their marginal benefit associated with the commute times.
Refer to the information given above.An argument for imposition of a toll rather than using a negotiated solution of the type suggested by the Coase Theorem is that:
A) this is not an externality problem.
B) government needs additional revenues.
C) the external cost is not well defined.
D) private negotiations among 500 drivers is impractical.
Correct Answer:

Verified
Correct Answer:
Verified
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