In which situation does a free rider problem occur?
A) Someone benefits from a good but does not have to pay for it.
B) Pollution is generated by the production of a good.
C) Policymakers ignore opportunity costs when making decisions.
D) A firm does not advertise its own product because its customers recommend it to their friends.
Correct Answer:
Verified
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Q10: If a positive externality exists in a
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Q12: Positive externalities arise when
A) the production of
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Q15: All of these are used when positive
Q16: Which of these might be considered a
Q17: (Figure: Determining Externalities) Based on the graph,
Q18: (Figure: Determining Externalities) Assuming that a pollution
Q19: (Figure: Determining Externalities) Based on the graph,
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