Which of the following statements holds true for the term "free rider problem"?
A) It refers to a collection of resources available for access over the Internet.
B) It refers to adapting products and services for different languages and regional differences.
C) It refers to a situation when the value of a product or a service increases as the number of its users expands.
D) It refers to a situation when others take advantage of a user or a service without providing any sort of reciprocal benefit.
E) It refers to a closed network or a single set of services controlled by one dominant firm.

Question

Quizplus · Accepted Answer

The "free rider problem" occurs when individuals benefit from resources or services without paying for them or contributing to their provision, leading to under-provision of those goods or services.

Which of the Following Statements Holds True for the Term