If the maintenance fees for a lighthouse are paid in full each year by charging port fees, then the lighthouse is:
a. rivalrous and excludable

b. non-rivalrous and excludable.
c. rivalrous and non-excludable.
d. non-rivalrous and non-excludable.


d

Economics

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Indicate whether the statement is true or false

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Suppose you were told that Botswana had few skilled workers, a primitive banking system, and an inefficient and limited electric power industry. You would know that the person was describing was Botswana's problem with

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Compared to the outcome when the firms are price takers, competitive price-searcher markets will result in

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Economics