You work in an office and one of your coworkers has announced his retirement.You have offered to purchase the retirement gift,so you place a collection jar in the lunch room for anonymous donations to help pay for the gift.After a week,you find very little money in the jar,so you end up paying for a large share of the retirement gift.You are the victim of the _____ problem.
A)common resource
B)private good
C)overuse of a common resource
D)free-rider

Question

Quizplus · Accepted Answer

This is an example of the free-rider problem, as some individuals in the office are likely not contributing to the collection jar, knowing that others will cover their share of the retirement gift.

You Work in an Office and One of Your Coworkers