In Major cities, some residents do not own a car and only travel by subway. While a car commuter…
In Major cities, some residents do not own a car and only travel by subway. While a car commuter both causes and is delayed by traffic congestion, a subway rider’s commute time is unaffected. Nevertheless, what negative externalities fall upon all city residents, including residents who only travel by subway, as a result of traffic congestion? Identify one market-based solution to traffic congestion in a large city.
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