The Free-Rider Problem Occurs Because

question 83

Essay

The free-rider problem occurs because:
a.it is easy to exclude others from consuming the good.
b.consumption is rival in nature,and the consumption of a product by one individual diminishes that available for others.
c.exclusion is costly or impossible,so that a consumer or producer can use the good without having to pay for it.
d.the consumption of a good imposes costs on others who not directly involved in the transaction.

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Definitions:

Analogy

A comparison between two things, typically for the purpose of explanation or clarification.

Verbal Signpost

Words or phrases used within speech to guide the listener's understanding of the structure and flow of the discourse.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel towards their workplace.

Switching Directions

The act of changing the focus, approach, or course of action during a process or conversation.