The Free-Rider Problem for a Public Good Means That

question 90

Multiple Choice

The free-rider problem for a public good means that

• A) a private market would provide less than the efficient amount of the good.
• B) a private market would provide more than the efficient amount of the good.
• C) the good is rival.
• D) the good is excludable.
• E) a private market would provide the efficient amount of the good.

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Definitions:

Protocells

Simple, primitive cells believed to be the precursors to modern cells, consisting of a lipid bilayer membrane enclosing basic molecular components.

Lipid Membrane

A bi-layer structure forming the outer boundary of cells, composed mainly of lipids and proteins.

Aerobic Bacteria

Bacteria that require oxygen for their growth and survival, playing crucial roles in various biological processes including the decomposition of organic material.

Mitochondria

Organelles within cells that are responsible for producing energy through the process of oxidative phosphorylation, often called the powerhouse of the cell.