Consider an uncongested freeway. Which of the following statements is true? a. There are too many cars on the freeway in equilibrium relative to the social optimum. O b. There are the same number of cars on the freeway in equilibrium relative to the social optimum. O c. There are too few cars on the freeway in equilibrium relative to the social optimum.

Consider an uncongested freeway. Which of the following statements is true? a. There are too many cars on the freeway in equilibrium relative to the social optimum. O b. There are the same number of cars on the freeway in equilibrium relative to the social optimum. O c. There are too few cars on the freeway in equilibrium relative to the social optimum.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter3: Interdependence And The Gains From Trade

Section: Chapter Questions

Problem 3CQQ

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