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Pooja Chaudhari
on Dec 11, 2024

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People who receive the benefit of a good without contributing to its costs of production are called

A) contributors in kind.
B) free riders.
C) frequent flyers.
D) cost maximizers.

Free Riders

Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.

Production Costs

The expenses incurred in the manufacture of goods or services, including raw materials, labor, and overhead costs.

Benefit

An advantage or gain received from a product or service.

  • Understand the challenge of free-riding and how it affects the supply of public goods.
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JL
Julie LopezDec 11, 2024
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