Business, 19.05.2020 15:15 Bryson2148

Consider two ways of commuting in a crowded city: taking public transportation, such as subway and buses, or driving your own car.
A person who chooses to take public transportation in a crowded city imposes a externality on drivers. A policy implication of this result is a those who take public transportation.
Persons who choose to drive their own cars to get around in a crowded city impose a externality on other drivers. A policy implication of this result is a those who drive their own cars.

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