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If hikers and others had to pay a fee to use the Appalachian Trail, the use of t

ID: 1215656 • Letter: I

Question

If hikers and others had to pay a fee to use the Appalachian Trail, the use of this common resource would be It would be if the most popular spots had more highly priced access. more efficient because the price be set to equal marginal social benefit at the efficient quantity; even more efficient the same as if the Appalachian Trail was a natural monopoly good; more efficient less efficient; even less efficient less efficient more efficient; more efficient because the price could be set to equal marginal social benefit at the efficient quantity; less efficient because people would stop coming don't see more market solutions to the tragedy of the commons because

Explanation / Answer

Answer: c

If there is any fee the use of this common resource would be less efficient, because people would come at less numbers.

It would be even less efficient if the most popular spots had more highly price access, since people will reluctant to visit those spots because of paying higher prices.

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