The free rider problem is caused by:
A) the nonexcludability of a good leading to the undersupply of it.
B) the incentive to oversupply the good since it is nonrival in consumption.
C) the rivalness in consumption of a good leading to the overconsumption of that good.
D) the rivalness in consumption of a good leading to the undersupply of it.
Correct Answer:
Verified
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A)a
Q26: A smartphone would be considered:
A)a common resource.
B)a
Q27: An example of a good that is
Q28: A public good is:
A) rival in consumption
Q28: An example of a good that is
Q31: When a good is not easily excludable,what
Q32: Goods that are neither rival in consumption
Q35: Cookies would be considered:
A) a common resource.
B)
Q38: Goods that are not rival in consumption,but
Q40: Fireworks would be considered:
A)a common resource.
B)a private
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