A driver going to the city center hasthe choice between a small road and the highway. The small roadtakes 25 minutes (1500 seconds) and is never affected by traffic.The highway takes only 15 minutes (900 seconds) but travel timeincreases by 2 seconds every time a new person gets in it. Thetravel time on the highway is therefore 15 minutes + 2 seconds perentrant.
- Explain why Net Benefits (NB) = 0 at the Tragedy of theCommons. Hints: What would happen if NB > 0? Think of the NetBenefits as the Average Net Benefit (for each driver) multiplied bythe number of drivers (NB = ANB*N).
