Four friends decide to meet at a Chinese restaurant for dinner.They decide that each person will order an item off the menu and they will share all dishes.They also decide that,when the final bill for the meal comes,they will split the cost evenly among each of the people at the table.When the food is delivered to the table,each person faces incentives similar to which of the following

Question

Quizplus · Accepted Answer

Each person faces incentives similar to the consumption of a common resource good because they are sharing the dishes, which are limited in quantity, and each person's consumption reduces the amount available for others, similar to how common resources are used.

Four Friends Decide to Meet at a Chinese Restaurant for Dinner.They