Albert, Betty, Christine and David are all very good students. ...

[savannahhooper]

Albert, Betty, Christine and David are all very good students. When they hold their study sessions, they often discuss very difficult concepts in great detail. Christine's roommate, Elizabeth, who takes completely different classes, still learns from the discussions of the others. This is the case of a(n) ____, which ____ a ____.
 a. public good; benefits; third party
  b. externality; imposes a cost on; free rider
  c. market failure; results from; third party
  d. free rider; benefits from; third party
  e. Externalities; benefits; third party

Question 2

Albert and Betty hire Christine and David to play music at their wedding. Elizabeth, who lives behind the church, cannot study because of the loud music. The third party is:
 a. Albert.
  b. Betty.
  c. Christine.
  d. David.
  e. Elizabeth.

[trog]

Answer to Question 1

e

Answer to Question 2

e

[savannahhooper]

Thank you

[trog]

No problemo