Free Riders Are Not a Problem in the Market for a Private

question 111

Multiple Choice

Free riders are not a problem in the market for a private good because

• A) non- payers can be excluded from consuming the good.
• B) the good can be produced only at a positive marginal cost.
• C) the good is a rival good.
• D) the free rider will not get caught.

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Definitions:

Medications

Substances used to diagnose, treat, cure, or prevent disease and relieve symptoms.

Week

A period of seven consecutive days, commonly considered as starting on Sunday and ending on Saturday.

Dimensional-analysis

A technique in chemistry and physics used to convert one unit of measurement to another, utilizing the fact that the dimensions of the original and converted measurement must be the same.

Reams

A measurement unit for paper, typically consisting of 500 sheets, but the number can vary depending on the type of ream.