Author Question: The free-rider problem arises (Read 72 times)

audie · **on:** Apr 19, 2019

Question 1

Because people can enjoy the benefits of public goods whether they pay for them or not, they are usually unwilling to pay for them. This is known as the

◦ drop-in-the-bucket problem.
◦ nonexcludable problem.
◦ nonrival problem.
◦ free-rider problem.

Question 2

The free-rider problem arises

◦ when people feel their contribution is so small relative to the total amount needed that it won't make a difference whether they contribute or not.
◦ when people realize they will still receive the benefits of a good whether they pay for it or not.
◦ whenever the government produces a good or service.
◦ whenever there is a surplus of the product in the market.

fdliggud · **Reply #1 on:** Apr 19, 2019

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