Asked by
Paras Dhingra
on Oct 26, 2024
Verified
An individual is MOST likely to be a free rider when a good is:
A) private.
B) nonexcludable.
C) nonrival.
D) artificially scarce.
Free Rider
An individual who benefits from resources, goods, or services without paying for the cost of the benefit.
Nonexcludable
Describes a good or service that prevents individuals from being excluded from using it; typically, because it is not feasible or cost-effective to do so.
- Describe the issue of free-riding and how it affects the supply of public goods.
Verified Answer
MB
Learning Objectives
- Describe the issue of free-riding and how it affects the supply of public goods.