For which of these goods is it likely that a private provider could profit in the long run by selling a socially efficient amount, selling all the units at the same price? "Long run" means a period long enough to include all setup costs, so that no costs are sunk. Explain and justify your answers.

a. The service of a highway that is never congested.

b. Oil-fired electricity.

c. Online college education

Answer rating: 100% (QA)

Answer Option C A No here profits will not be earned in long run because if the highway ... View the full answer