When a group of people stand to gain from an action that is not rational for any of the members to undertake individually, a _______ exists.

Question

Quizplus · Accepted Answer

A collective action problem occurs when it is beneficial for a group to take a certain action, but for each individual member, the cost of participating outweighs the benefits they would receive individually, making it irrational for any single member to undertake the action on their own.

When a Group of People Stand to Gain from an Action