Asked by
Brett Lorscheider
on Oct 26, 2024
Verified
The tendency of people or firms to consume a public good without paying for it is called the free-_____ problem.
A) cost
B) rider
C) goods
D) market
Free-rider Problem
A situation where individuals consume more than their fair share of a public good, or pay less than their share of the cost, leading to underprovision or depletion of the good.
- Elucidate the concept of the free-rider problem and its impact on the distribution of public goods.
Verified Answer
CJ
Learning Objectives
- Elucidate the concept of the free-rider problem and its impact on the distribution of public goods.