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12 Dec 2018
The free-rider problem refers to a situation in which
a. people consume a pure public good without payment, even though the good may not be produced if no one chooses to pay.
b. the marginal cost of allowing additional consumers to consume a public good is zero.
c. high-income individuals subsidize the production of goods, such as education, which makes society better off.
d. markets fail to allocate resources efficiently when benefits outweigh costs.
The free-rider problem refers to a situation in which
a. people consume a pure public good without payment, even though the good may not be produced if no one chooses to pay.
b. the marginal cost of allowing additional consumers to consume a public good is zero.
c. high-income individuals subsidize the production of goods, such as education, which makes society better off.
d. markets fail to allocate resources efficiently when benefits outweigh costs.
5
answers
0
watching
348
views
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