A free rider is a person who:

a. is harmed by another's actions.
b. is subject to a negative externality.
c. receives benefits from someone else's action but does not pay for them.
d. pays less than the full value for a product.
e. won the state lottery.

c

Economics

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Adverse selection is a situation in which one party to a transaction takes advantage of knowing more than the other party to the transaction

Indicate whether the statement is true or false

Economics

A change in the slope of an isocost line is due to a change in

A) the price of one or both inputs. B) quantity of output. C) total cost. D) the output price.

Economics