How congestion effects might affect the socially efficient, Business Economics

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How congestion effects might affect the socially efficient

Show (graphically) how congestion effects might affect the socially efficient rate of visitation to a protected area, swimming pool, trail, or beach, for example. Discuss at least two policy tools available to achieve the economically optimal rate of visitation in the face of congestion effects. Please illustrate this discussion through the lens of the Monarch Butterfly Biosphere Reserve in Michoacan, Mexico.

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