Consider a good for which the number of people who benefit from the good is large and the exclusion of any one those people is impossible.In this case,the market for this good will likely
A) be a natural monopoly.
B) have a free-rider problem
C) not exist.
D) be limited to a small number of units of production.

Question

Quizplus · Accepted Answer

The presence of a large number of people who benefit from the good with no possibility of exclusion leads to a free-rider problem. This means that people can enjoy the benefits of the good without paying for it, leading to underproduction or non-production of the good in a market-based system.

Consider a Good for Which the Number of People Who