Each member in a group might do what's best for himself or herself instead of behaving in a way that optimizes the well-being of the entire group. This gives rise to the problem of:

A) Pareto inefficiency.
B) free riding.
C) irrational behavior.
D) disequilibrium.

B

Economics

You might also like to view...

The job loss rate

A) equals 1 minus the job finding rate. B) remains constant over the business cycle. C) rises in recessions. D) rises in expansions.

Economics

A limitation one faces when shopping for clothes is the amount of time available to shop

a. True b. False Indicate whether the statement is true or false

Economics