Market failure associated with the free-rider problem is a result of
a. a problem associated with pollution.
b. benefits that accrue to those who don't pay.
c. losses that accrue to providers of the product.
d. market power.
b
Economics
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Bonds ________ and stocks ________
A) always pay interest payments forever; always pay dividends forever B) have a fixed number of interest payments; have a fixed number of dividend payments C) may pay interest payments forever; have a fixed number of dividend payments D) have a fixed number of interest payments; may pay dividends forever
Economics
The change in output from hiring one additional unit of labor:
a. increasing marginal returns b. total cost c. marginal revenue d. marginal product of labor e. marginal cost
Economics