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Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050

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BuyFindarrow_forward

Principles of Microeconomics

7th Edition
N. Gregory Mankiw
ISBN: 9781305156050
Textbook Problem

Wireless, high-speed Internet is provided for free in the airport of the city of Communityville.

a. At first, only a few people use the service. What type of a good is this and why?

b. Eventually, as more people find out about the service and start using it, the speed of the connection begins to fall. Now what type of a good is the wireless Internet service?

  c What problem might result and why? What is one possible way to correct this problem?

Sub part (a):

To determine
The public good.

Explanation

As only a few people will be using free wireless internet...

Sub part (b):

To determine
The public good.

Sub part (c):

To determine
The public good.

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