Route 66 is a toll road that is congested only duringrush hour. During other times of day, the use of thehighway is not _________, so the efficient toll is_________.a. excludable; higherb. excludable; zeroc. rival in consumption; higherd. rival in consumption; zero

Route 66 is a toll road that is congested only duringrush hour. During other times of day, the use of thehighway is not _, so the efficient toll is_.a. excludable; higherb. excludable; zeroc. rival in consumption; higherd. rival in consumption; zero

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 1QR

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Question

Route 66 is a toll road that is congested only during
rush hour. During other times of day, the use of the
highway is not _________, so the efficient toll is
_________.
a. excludable; higher
b. excludable; zero
c. rival in consumption; higher
d. rival in consumption; zero

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