What incentive problem explains why the freeways in cities like Los Angeles suffer from excessive congestion?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:31 AM

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What incentive problem explains why the freeways in cities like Los Angeles suffer from excessive congestion?

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Freeways suffer from excessive congestion because individual motorist...View the full answer

Principles of Economics

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