5. The government of Country Alpha imposes an entry charge of $3 on each vehicle using the...

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5. The government of Country Alpha imposes an entry charge of $3 on each vehicle using the expressway to control the traffic volume but still there are congestions. Explain why the government did not raise the charge to further reduce the number of vehicles on the expressway.

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Microeconomics

ISBN: 9781292214351

2nd Global Edition

Authors: Daron Acemoglu, David Laibson, John List

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