Asked by Grace Ferreira on Jul 24, 2024
Verified
You will still be able to get public broadcasting whether or not you contribute to their fund-raising campaign, so you decide ________ contribute. This is an example of the free-rider problem, and is intrinsic to ________ goods.
A) to; public
B) not to; public
C) to; private
D) not to; private
Free-rider Problem
A situation where individuals consume a good without contributing to its cost, typically in the context of public goods.
Public Good
A good or service offered to every member of a community for free, supplied by either governmental bodies or private entities without the intention of making a profit.
- Pinpoint and expound upon the complication of free-riders in the context of public goods.
Verified Answer
MZ
Maria ZayasJul 27, 2024
Final Answer :
B
Explanation :
The correct answer is "not to; public" because the free-rider problem occurs when individuals can benefit from a good or service without paying for it, which is common with public goods that are non-excludable and non-rivalrous.
Learning Objectives
- Pinpoint and expound upon the complication of free-riders in the context of public goods.