The communal nature of a highway means that no one individual is motivated to pay for it because even those who do not pay will still benefit from using it.This is an example of:
A) The free-rider dilemma.
B) Government failure.
C) Inequity.
D) A natural monopoly.
Correct Answer:
Verified
Q18: Which of the following does not explain
Q19: Which of the following is an economic
Q20: The tendency for the market to under
Q21: An individual firm will not normally have
Q22: The free-rider problem arises because those who:
A)
Q24: The problem with public goods is that
Q25: When public goods are marketed like private
Q26: The term externalities refers to:
A) The inequitable
Q27: Externalities are a type of market failure
Q28: The free-rider dilemma is associated with:
A) Private
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