Each Member in a Group Might Do What's Best for Himself

question 60

Multiple Choice

Each member in a group might do what's best for himself or herself instead of behaving in a way that optimizes the well-being of the entire group.This gives rise to the problem of ________.

• A) Pareto inefficiency
• B) free riding
• C) irrational behavior
• D) disequilibrium

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Definitions:

Toxic Blooms

Rapid growth of algae that produce harmful toxins, affecting water quality and marine life, and can pose risks to humans.

Herpesvirus

A large family of viruses that cause diseases in animals, including humans, characterized by latent and recurrent infections.

Epstein-Barr Virus

A herpesvirus that can cause infectious mononucleosis (mono) and is associated with various types of cancers and autoimmune diseases.

Viroid

Infectious strand of RNA devoid of a capsid and much smaller than a virus.