Asked by
Pooja Chaudhari
on Dec 11, 2024Verified
People who receive the benefit of a good without contributing to its costs of production are called
A) contributors in kind.
B) free riders.
C) frequent flyers.
D) cost maximizers.
Free Riders
Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.
Production Costs
The expenses incurred in the manufacture of goods or services, including raw materials, labor, and overhead costs.
Benefit
An advantage or gain received from a product or service.
- Understand the challenge of free-riding and how it affects the supply of public goods.
Verified Answer
JL
Learning Objectives
- Understand the challenge of free-riding and how it affects the supply of public goods.