Social entrepreneurs can resolve the Free Rider problem by using innovative methods to bring solutions to the Tragedy of the Commons to market and have the consumer pay for any social costs

Question

Quizplus · Accepted Answer

Social entrepreneurs can address the Free Rider problem by creating new business models that incentivize consumers to pay for the social costs of their actions. This way, those who benefit from a public good or service will also be responsible for paying for it, rather than relying on others to pay for it or for the government to intervene. This approach is often used to resolve the Tragedy of the Commons, where individual actions can lead to the degradation of a shared resource.

Social Entrepreneurs Can Resolve the Free Rider Problem by Using