The Free-Rider Problem Is the Inability of Private Markets to Achieve

question 343

Multiple Choice

The free-rider problem is the inability of private markets to achieve the efficient level of production of

• A) rival goods.
• B) excludable goods.
• C) public goods.
• D) private goods.

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Definitions:

Management Theories

The study of different concepts and models that describe how to manage an organization’s resources, operations, and employees effectively.

Global Management Attitudes

Perspectives and approaches that managers adopt to handle and direct international organizations and employees.

Management Attitudes

Refers to the beliefs, values, and dispositions that managers hold towards their roles, responsibilities, and towards the people they manage.

Tight Cultures

Societal or organizational cultures that have strict norms and rules, and impose severe penalties for deviance.