How Is the Collective Action Problem Stated

question 43

Multiple Choice

How is the collective action problem stated?

• A) Collectively, individuals can achieve more benefits
• B) Individually the community can achieve more benefits
• C) Benefits are impossible for everyone
• D) Benefit from an action and the related cost make it impossible for communities to tackle the problem of development
• E) Multiple individuals benefit from an action, but the related cost makes it impossible for anyone to tackle the problem itself

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Definitions:

Franchisor

The parent company that develops a product or business process and sells the rights to franchisees.

Business Process

A series of steps performed by a group of stakeholders to achieve a concrete goal, typically involving defining, measuring, analyzing, improving, and controlling processes.

Business-Format Franchising

A type of franchising in which the franchisee adopts the franchisor’s entire method of operation.

Fast-Food Restaurants

Eateries that specialize in providing quick service, convenience, and food that is prepared and served quickly to customers.