Examlex
Why is cooperation to improve the environment sometimes like a Prisoner's Dilemma?
Free-rider Problem
A situation where individuals or entities benefit from resources, goods, or services without paying for them, which often leads to under-provision of those goods or services.
Private Firms
Businesses that are owned by individuals or groups of individuals and are not controlled or operated by the government.
Public Good
A public good is a commodity or service that is made available to all members of a society, typically by the government, and is characterized by non-excludability and non-rivalry in consumption.
Nontaxpayers
Individuals or entities that do not contribute to tax revenues, either because of low income, exemptions, or evasion.
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