Solved

The Free-Rider Problem Refers To

Question 16

Multiple Choice

The free-rider problem refers to:


A) the situation in the Old West when land was largely unfenced and riders had unfettered access to private range land.
B) qualifications, or riders, that clients do not request, but which lawyers tend to include in contracts anyway at no extra charge.
C) a variation on the phrase "There's no such thing as a free lunch," which is replaced by "There's no such thing as a free ride."
D) a situation in which consumers have no incentive to pay for a nonexcludable good.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions