When a Free-Rider Problem Exists

question 437

Multiple Choice

When a free-rider problem exists,

• A)the market will devote too few resources to the production of the good.
• B)the cost of the good will always be more than the benefit of the good.
• C)the good will not be produced.
• D)entrepreneurs will eventually find a way to make free-riders pay their share.

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Definitions:

Early Sources

Origins or initial references that provide information or evidence on a particular topic or event.

Opinion Leader

Individuals who, due to their position, knowledge, or personality, have the ability to influence others' attitudes or behaviors in a community or social group.

Position, Expertise

The status or role one holds due to their specialized knowledge or professional skill in a particular area or field.

Political Socialization

The process by which people acquire their political beliefs, values, and identities, often influenced by family, education, and social environments.