Unformatted text preview: The reason why it is this is because it’s a non-rival in consumption, meaning that everyone can listen to their teacher at the same time, yet it’s excludable because students can be required to pay tuition before they can attend, such as college or a private school. (4) 100 commuters should take each route so that the trip time is equal no matter which way they go....
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- Fall '08
- Economics, Market failure, #, Externality, Law and economics, Rebecca Shindell