Which of the following is the best description of a "free rider"? Someone who
A) receives the benefit of a good without having to pay for it.
B) consumes a good until the marginal benefit received from the last unit is zero.
C) pays for a good but does not receive any benefit from the good.
D) does not produce any goods but is able to consume them.
E) consumes a good until the marginal benefit received from the last unit is equal to the marginal cost of producing the good.
Correct Answer:
Verified
Q24: FIGURE 16- 1 Q25: Economists use the term "market failure" to Q26: The diagram below shows demand and supply Q27: The efficient price to charge consumers for Q28: Consider a non- rivalrous good,like national defence,provided![]()
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