Business, 09.12.2019 19:31 jalenshayewilliams
There are several bridges along highway 280 which are free to ride on. this bridge was built and is being maintained by the not the "free" market. let's think about why that is the the economic logic of government ownership and having a marginal price of 0 (that is, it is free to cross the bridge) is: a. bridges are public goods because they are non-excludable and non-rival.
b. the owner of the bridge has a natural monopoly and the marginal cost of production (letting another car drive across it) is close to zero.
c. only the government can be trusted to build a sophisticated structure such as a bridge.
d.
there is no justification for government intervention here. this should be left to the free market.
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There are several bridges along highway 280 which are free to ride on. this bridge was built and is...
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