A cost that arises from the production of a good that is paid by someone who did not participate in the production is called

A) a free rider.
B) an externality.
C) rent seeking.
D) a public failure.

B

Economics

You might also like to view...

Factors of production are usually divided into all of the following categories except

A) labor. B) capital. C) interest. D) natural resources.

Economics

A price floor does not benefit producers

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

Economics