Explain why state governments may charge a fee for beach access to address the commons problem
What will be an ideal response?
A fee may be charged to impose some of the social costs on the individual. The government is attempting to reduce over-use of the beach by forcing those who use it to pay for some of the costs they impose.
Economics
You might also like to view...
Which of the following will most likely cause an increase in the long-run aggregate supply curve?
a. a reduction in the general level of prices b. an increase in the general level of prices c. an improvement in technology that substantially reduces the cost of generating energy d. an increase in taxes that makes it more expensive for Americans to import crude oil
Economics
Refer to the figure below. What is the price elasticity of supply at point B and point C? 
A. 1; 1 B. 3; 2 C. 1/2; 3/4 D. 3/4; 1/2
Economics