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From course:

Economics A Level

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Question:

Use Roads and explain why its a Quasi Public Good

Author: go kys



Answer:

-Roads are often Free for Usage [Non-Excludable] and 1 Person using the Road doesn’t Diminish the Benefit or Availability for Others using it too [Non-Rivalry] -However, Tolls can make it Excludable by Pushing away those who Don’t want to Pay to use the Road. -Congestion will make Roads have Rivalry Characteristic as then a Limit will be in Place to the Number of People who can be at the Road at any one Time


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go kys
go kys