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Question
Consider a spot with a certain number of picnic sites (has capacity limit and thus has congestion externalities.) Suppose there are two types of visitors: weekend and weekday visitors and marginal costs are the same. Do you think weekend visitor's level will be higher than capacity levels? How would you control weekend excess visitors? Explain. (use graph in explanation)
This document contains various important questions and their appropriate answers in the subject field of Economics.
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