A free-rider problem exists if
A) those consuming the good pay more than the cost of providing the good so that the producer's profits increase ("free ride") as a result of the overpayment.
B) those consuming the good pay nothing for it.
C) two consumers can jointly consume a good, which lowers the price per person.
D) a firm can obtain technology at a fair price.
B
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The demand for money curve shows that there is an inverse relationship between the quantity of money demanded and the:
a. quantity of money supplied. b. gross domestic product (GDP). c. price level. d. interest rate.
Gallons of milk at a local grocery store are priced at one for $4.00, or two for $6.00 . The marginal cost of buying a second gallon of milk:
a. equals $6.00. b. equals $4.00. c. equals $3.00. d. equals $2.00.