Author Question: Three friends stay in an apartment. Their landlord offers to air-condition the apartment if they pay ... (Read 247 times)

skymedlock · **on:** Jun 29, 2018

Three friends stay in an apartment. Their landlord offers to air-condition the apartment if they pay for the installation charges. Although they all want an air-conditioner, none of them say so. This is an example of the ________.

A) free-rider problem
B) paradox of thrift
C) tragedy of commons
D) paradox of plenty

Question 2

The figure above shows the market for annual influenza immunizations the United States. The efficient quantity of immunizations is

A) 14 million per year.
B) 10 million per year.
C) Between 14 and 21 million per year.
D) Less than 10 million per year.
E) 22 million per year.