If a Good Is Subject to the Free-Rider Problem and an Inefficiently

question 95

Multiple Choice

If a good is subject to the free-rider problem and an inefficiently high level of consumption,the good must be a(n) :

• A)private good.
• B)public good.
• C)common resource.
• D)artificially scarce good.

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Definitions:

Different

means not being the same as another or each other.

Importance

denotes the significance or value attached to something.

Interns

are individuals, often students, who work temporarily in a job to gain work experience or satisfy requirements for a qualification.

Reflect

means to think deeply or carefully about something.