The free rider problem occurs: A. when externalities are unaccounted for. B. for both exclusive and non-exclusive

Fantastic news! We've Found the answer you've been seeking!

Question:

The free rider problem occurs:

A. when externalities are unaccounted for.

B. for both exclusive and non-exclusive goods

C. when a governmental body intervenes in the workings of a private market.

D. a consumer consumes a good that others pay for but pays nothing herself.

Related Book For answer-question

Linear Algebra And Its Applications

ISBN: 9781292351216

6th Global Edition

Authors: David Lay, Steven Lay, Judi McDonald

See More Books

Posted Date: Jan 05, 2024 07:25 AM

See More Questions

In exercise 27.1 we extended our analysis of subsidized voluntary giving from 2 to N people. In the process, we simply assumed the government would set t to cover its costs and that individuals...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Suppose that a legislature has to vote for one of two mutually exclusive proposalsproposal A or B. Two interest groups are willing to spend money on getting their preferred proposal implemented, with...
Using a resource-based view, explain why some firms improve their economic performance by adopting a CSR strategy, whereas others achieve no results or damaging results.
Haskin's Wholesale began the year with inventory of $51,600 and made purchases of $326,800 during the year. Sales for the year are $505,300, and Haskin's Wholesale's gross profit percentage is 38...
Faculty at one university were asked a series of questions in a recent survey. State the type of data for each question. a. Indicate your level of satisfaction with your teaching load (very...
The Student Winner was Ulf Aslak Jensen, for the video "How People Gather: An Interactive Visualization Approach." Watch this video, and answer the following questions: (a) What data are this video...
What is the net present value of an investment that costs $75,000 and has a salvage value $45,000? The annual profit from the investment is $15,000 each year for 5 years. The cost of capital at this...
In January, 1993, there were about 1,313,000 internet hosts. During the next five years, the number of hosts increased by about 100% per year. a. Write a model giving the number h (in millions) of...
a. Prepare a UML class diagram that captures Rubber Duck's brewing process. b. Using the preceding information and the following attributes list, prepare a listing of the relational tables,...
Find the value of each variable. Simplify your answers as much as possible. If necessary, you may learn what the markings on a figure indicate. x = y = X 9 010 X 08 3 H
It all started with a Facebook post. David Heath was scrolling Facebook one day when he read that socks are the number one item people in homeless shelters request. He remembers thinking that that...
Presented below and on page 1004 are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2014. 1. Mooney Co. has...
What is the difference between a firm's gross profit margin, operating profit margin, and net profit margin?
A. What are some characteristics of the Social Age? B. What are some strategies for organizing a dashboard to help you work more efficiently with your teams? C. What do you think are some of the most...
Two identical particles of inertia $m$ collide elastically on a low-friction table. Calculate the kinetic energy of the system before and after the collision in the zero-momentum frames.
There are four main classifications of journal entries, and each serves its own purpose and has several examples. Identify one specific type of journal entry and answer the following questions about...
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
In R 4 , let v 1 = (1,-1,2,-1), v 2 (1, 0, 2,0), and v 3 (1, 0, 2, 0), and v 4 = (1, 0, 3, 1). a. Show that set {v 1 ,v 2 ,v 3 ,v 4 } is affinely independent. b. Let A = aff {v 1 , v 2 , v 3 , v 4 )...
Mark each statement True or False (T/ F). Justify each answer. (If true, cite appropriate facts or theorems. If false, explain why or give a counterexample that shows why the statement is not true in...
Mark each statement True or False (T/F). Justify each answer. If column t dominates some other column in a payoff matrix A, then column t will not be used (that is, have probability zero) in an...
Ive heard that economists build a lot of theories. Thats why I think that economics might be too abstract a course of study. Theories come with a lot of mathematics, diagrams, and complex terms. I...
What does it mean if you are included in another persons utility function in a positive way?
Can evidence prove that a theory is correct?

The free rider problem occurs: A. when externalities are unaccounted for. B. for both exclusive and non-exclusive

Question:

Expert Answer:

The detailed answer for the above question is provided below The freerider problem occurs ... View the full answer

Linear Algebra And Its Applications

Students also viewed these economics questions