Consider a highway with a hot lane and a lane that has no toll. Assume that the
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Consider a highway with a hot lane and a lane that has no toll. Assume that the toll must be paid by all cars that use the hot lane, no matter how many people are riding in them. What can you predict about the average occupancy of vehicles in the hot lane compared to vehicles in the other lane during rush hour?
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For it to make sense to take the hot lane it is necessary only that the sum of the ...View the full answer
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Related Book For
The Economics of Public Issues
ISBN: 978-0134018973
19th edition
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
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