The Free-Rider Problem Exists Because

question 19

Multiple Choice

The free-rider problem exists because

• A) private goods or services cause some people to want to take them for free.
• B) some goods or services are excludable and cause envy for those who don't have them.
• C) some goods or services that are rival and leave some people without them.
• D) people cannot be excluded from consuming public goods even if they don't pay for them.
• E) people must all consume the same public good and so everyone wants to pay for it.

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Definitions:

Operations Managers

Individuals responsible for managing the processes and practices involved in the production and delivery of goods and services in an organization.

Multichannel

Refers to using multiple channels of distribution or communication to reach a customer, often in marketing or retail contexts.

Multiphase

Relating to a system or process that involves more than one phase or stage, typically used in physics and engineering contexts.

Cross-Phase System

A system that operates or interacts across different phases or stages of a process or lifecycle.