When the free rider problem is present in a market, the good:
A)will be oversupplied.
B)will be underconsumed.
C)is rival in consumption.
D)is not excludable.

Name: When the free rider problem is present in a market, the good: A)will be oversupplied. B)will be underconsumed. C)is rival in consumption. D)is not excludable.
Brand: Quizplus
Rating: 4.8 (32 reviews)

Question

Quizplus · Accepted Answer

The free rider problem occurs when a good is non-excludable, meaning people cannot be prevented from using it, leading to underfunding or underproduction.

When the Free Rider Problem Is Present in a Market