The San Francisco Bay Bridge has a toll in the westbound direction. Despite the toll, the bridge experiences congestion during m

Question

3 years ago

11

The San Francisco Bay Bridge has a toll in the westbound direction. Despite the toll, the bridge experiences congestion during m

orning and evening commute times. What type of good would the westbound direction of the bridge be classified in this case?

Business

1 answer:

slega [8] · Answer 1 · 2022-01-14T04:17:34+03:00

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.