The decision to enter a freeway creates a. an externality in that it affects others on
Question:
The decision to enter a freeway creates
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a. an externality in that it affects others on the freeway.
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b. an internality in that it affects others on the freeway.
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c. a moral hazard in that no one knows why the person is on the freeway.
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d. adverse selection because only the worst drivers will be on the freeway.
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e. no ill effects.
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