Art galleries, museums, roads, and bridges are usually provided by the government. a. Explain why uncrowded goods

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Art galleries, museums, roads, and bridges are usually provided by the government.
a. Explain why uncrowded goods of this sort should have a price of zero if allocative efficiency is to be achieved.
b. Would allocative efficiency be achieved if private firms provided these goods? Explain.
c. What happens when access to these goods becomes congested? Does efficiency still require a zero price? Explain.
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Microeconomics

ISBN: 978-0321866349

14th canadian Edition

Authors: Christopher T.S. Ragan, Richard G Lipsey

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