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April 16, 2014

Homework Help: economics

Posted by Mankiw on Thursday, January 5, 2012 at 12:29pm.

wireless high speed internet is provided for free in the airport of the city of communityville

a)At first, only a few people use the service. What type a good is this and why?

b) Eventually, as more find out about the service and start using it, the spend of a connection begins to fall. Now what type of a good is the wireless Internet service?

c) What problem might result and why? What is one possible way to correct this problem?

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