The free rider problem _____.
a. leads to an understatement of demand for the good in question
b. is beneficial because it leads to lower public spending
c. is functionally equivalent to the transitional gains trap
d. is more prevalent in small groups
Question 2
The supply curve is influenced by
A) the income of consumers.
B) the number of customers in the market.
C) the prices of the inputs required to produce the product.
D) the expectations of future profit.
