A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a:

A) free rider.
B) price setter.
C) fringe element.
D) none of the above

Question

A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a:A)  free rider.B)  price setter.C)  fringe element.D)  none of the above

Anshul Kumar · Accepted Answer

Final Answer : A, Explanation :  A free rider is someone who benefits from a good without paying for it, relying on others to pay instead. This can lead to market failure if too many people free ride and the good is not adequately funded.

A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a:

A) free rider.
B) price setter.
C) fringe element.
D) none of the above

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Learning Objectives

Learning Objectives

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