According to economists, an individual who tries to derive utility from the consumption of a good without paying for it is called:
A)a utility maximizer.
B)a free rider.
C)an opportunist.
D)a profit maximizer.

Question

Quizplus · Accepted Answer

A free rider is someone who benefits from a good without contributing to its production or consumption costs. This behavior can be observed in public goods, which are non-excludable and non-rivalrous. Free riding can lead to market failure, as some individuals may enjoy the benefits of the good without paying for it, causing a decline in demand and a reduction in production, which, in turn, harm the overall welfare of the society.

According to Economists, an Individual Who Tries to Derive Utility