The free-rider problem refers to:
A)the situation in the Old West when land was largely unfenced and riders had unfettered access to private range land.
B)qualifications,or riders,that clients do not request,but which lawyers tend to include in contracts anyway.
C)a variation on the saying "There's no such thing as a free lunch," which is replaced by "There's no such thing as a free ride."
D)lack of incentive for consumers to pay for a nonexcludable good.

Question

Quizplus · Accepted Answer

The free-rider problem is the lack of incentive for consumers to pay for a nonexcludable good, as they can benefit from it without paying. This can lead to underproduction of the good, as the producers cannot generate enough revenue to cover their costs.

The Free-Rider Problem Refers To