A congested toll road is ?
Correct answer: B. a private good
- A. a good produced by a natural monopoly
- B. a private good
- C. a public good
- D. a common resource
Explanation
A toll makes the road excludable, while congestion makes one driver's use reduce the road space available to others, making it rival. A good that is both excludable and rival is classified as a private good.
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