The Free Rider Problem Associated with the Provision of a Public

question 33

Multiple Choice

The free rider problem associated with the provision of a public good becomes unsustainable with a(n) :

• A)increase in the number of beneficiaries.
• B)decrease in the accessibility of the good.
• C)increase in the elasticity of supply of the good.
• D)decrease in the budget deficit.

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Definitions:

Bakery

A place where bread, pastries, cakes, and other baked goods are made or sold.

Advance Orders

Pre-orders made by customers for products or services that are not yet available, ensuring early access or delivery.

Single-Price Monopoly

A market condition where a monopolist charges all consumers the same price for its product, despite the cost of production.

Pay-per-view

A type of television or online streaming service where the viewer pays to watch a particular event or program, typically used for special events or premium content.