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Are Toll Roads Private Goods?

January 24, 2024 by Sophia Kim

Are Toll Roads Private Goods? Are toll roads private goods? Therefore a congested toll road is a private good, since it is both excludable and subtractable, or rival, in consumption — every additional car on the road reduces the space available to others (and increases their level of aggravation). What is the difference between toll

Do Public Goods Have Opportunity Costs?

January 24, 2024 by Emily Lee

Do Public Goods Have Opportunity Costs? Do public goods have opportunity costs? Private businesses can’t sell public goods in markets, because they can’t charge a price and keep nonpaying people away. Moreover, businesses shouldn’t charge a price, because there’s no opportunity cost for extra consumers. For efficiency, government needs to pay for public goods through