A lighthouse might be considered a private good if A. the owner of the lighthouse is able to exclude beneficiaries from receiving the benefits of the lighthouse. B. ships are able to enjoy the benefits of the lighthouse without paying for the benefit. C. a nearby port authority is able to avoid paying any fees to the lighthouse owner. D. there is a second lighthouse nearby, thus preventing a monopoly.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A lighthouse might be considered a private good if A. the owner of the lighthouse is able to exclude beneficiaries from receiving the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Actual Static Budget Production 54,000 units 60,000 units Machine-hours 985 hours 1,800 hours Fixed overhead costs for September $53,400 $90,000 The fixed-overhead budgeted cost-allocation rate (BR) $50.00 per machine-hour.
Answers (1)
Stephanie is working on a report and has reached phase 2 of the 3-x-3 writing process. what should she do first in this second phase?
Answers (1)
The Huffman Tire Company has 3,000 tires in its inventory which are considered obsolete. Each unit originally cost the company $35. Management is considering options to reduce these inventory levels.
Answers (1)
Suppose that B2B, Inc., has a capital structure of 35 percent equity, 16 percent preferred stock, and 49 percent debt. Assume the before-tax component costs of equity, preferred stock, and debt are 14.5 percent, 11.0 percent, and 9.
Answers (1)
What is at the heart of most Trade Disputes?
Answers (1)
New Questions in Business
Glenn's AGI is $34,000. He has $4,222 in medical and dental expenses. How much can he deduct on Schedule A
Answers (1)
The Nobel Prize-winning economist Paul Samuelson argued that contrary to the standard interpretation, in certain circumstances the theory of comparative advantage predicts that a rich country might actually be worse off by switching to a free trade
Answers (1)
Varughese Inc. is working on its cash budget for March. The budgeted beginning cash balance is $33,000. Budgeted cash receipts total $182,000 and budgeted cash disbursements total $191,000. The desired ending cash balance is $40,000.
Answers (1)
On January 1, 2017 the City of Graf pays $85,500 fora work of art to display in the local library. The city will take appropriate measures to protect and preserve the piece.
Answers (1)
Josh wants to ensure that anyone employed by his Florida-based startup won't leave to start their own competing businesses. He requires new employees to sign a non-compete agreement and stipulates Florida as the forum selection clause.
Answers (1)