Question

The San Francisco Bay Bridge has a toll in the westbound direction. Despite the toll, the bridge experiences congestion during morning and evening commute times. What type of good would the westbound direction of the bridge be classified in this case?

Answer 1

Answer:

private good.

Explanation:

Based on the information provided within the question it can be said that the type of good classification in this case would be a private good. This term refers to a product or good that generates positive benefits for a population but are also excludable meaning that the owners can prevent and individual from the good if they have not paid. Which in this scenario the bridge is a private good since individuals who do not pay the toll are not allowed through.