Please answer the following questions about the network of streets in Indianapolis: a. Are Indianapolis's streets public goods, club goods, common goods, or private goods? Is their classification constant or does it change throughout the day/week? Explain your answers. b. In 2006, Governor Mitch Daniels leased the rights to the Indiana Toll Road, which runs east-west across the northem portion of the state, to a consortium made up of Cintra, a Spanish construction firm, and Macquarie Atlas Roads, an Australian firm. In effect, Govemor Daniels privatized operation of the Indiana Toll Road, which had been public property. What type of good is the Indiana Toll Road? What is the most likely economic justification for Governor Daniels's decision (assuming there is one)? Explain your answers. c. Suppose someone invents technology that can track precisely where cars are at all times, such that the technology's user could charge a fee for each mile driven on a network of roads. As Indianapolis and its suburbs expand, should they use private property ownership and the market to extend the network of roads needed to serve the larger metropolitan area? Put differently, will private property ownership and the market deliver the socially optimal (efficient) network of roads for a new areas? Explain your .

1. Please answer the following questions about the network of streets in Indianapolis: a. Are
Indianapolis's streets public goods, club goods, common goods, or private goods? Is their
classification constant or does it change throughout the day/week? Explain your answers. b. In
2006, Governor Mitch Daniels leased the rights to the Indiana Toll Road, which runs east-west
across the northem portion of the state, to a consortium made up of Cintra, a Spanish
construction firm, and Macquarie Atlas Roads, an Australian firm. In effect, Govemor Daniels
privatized operation of the Indiana Toll Road, which had been public property. What type of
good is the Indiana Toll Road? What is the most likely economic justification for Governor
Daniels's decision (assuming there is one)? Explain your answers. c. Suppose someone invents
technology that can track precisely where cars are at all times, such that the technology's user
could charge a fee for each mile driven on a network of roads. As Indianapolis and its suburbs
expand, should they use private property ownership and the market to extend the network of
roads needed to serve the larger metropolitan area? Put differently, will private property
ownership and the market deliver the socially optimal (efficient) network of roads for a new
areas? Explain your