The Free-Rider Problem Occurs Because

question 100

Multiple Choice

The free-rider problem occurs because:

• A)it is easy to exclude others from consuming the good.
• B)consumption is rivalrous,so that 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)costs are imposed on others not directly involved in the transaction.
• E)individuals are not required to pay for those goods which do not yield any utility to them.

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Definitions:

Trait Stability

The consistency of individual personality traits over time, highlighting the persistence of a person's character.

Adulthood

A stage of human development characterized by full physical maturity, and typically involving greater independence, responsibility, and social roles compared to adolescence.

Openness

A personality trait that encompasses appreciation for art, emotion, adventure, and unusual ideas; imaginative and curious.

Imaginative

Referring to the ability to be creative or resourceful, often involving the generation of new ideas or concepts.