Your Neighbor Gabriella Plays Loud Music That Irritates You and the Rest

Multiple Choice

Your neighbor Gabriella plays loud music that irritates you and the rest of her neighbors.She agrees to turn down the music by 5 decibels for every $25 she receives from her neighbors,and even though you and your neighbors collectively value reductions of 5 decibels at more than $25 per person,no one pays.This is an example of:

A) the holdout problem.
B) the assignment problem.
C) the free rider problem.
D) the problem of internalizing an externality.