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Example of an Excludable Public Good: Toll Roads and Bridges
Roads and bridges that require a toll for passage are classic examples of excludable public goods. These are considered non-rival as the marginal cost of an additional vehicle using them is effectively zero, at least until congestion becomes a factor. They are excludable because erecting a toll gate allows the operator to prevent access to drivers who do not pay the fee. [1, 3, 6]
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Social Science
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Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.10 Market successes and failures: The societal effects of private decisions - The Economy 2.0 Microeconomics @ CORE Econ
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Learn After
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