Which of the following is an example of a free rider?
A. Listening to NPR without donating at their annual fundraiser.
B. Sitting inside of the gate with a ticket to watch an outdoor concert.
C. Walking through a public park.
D. Completing work for a group project.
Answer: A
Economics
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This Application addresses the concept of
A) inflation and the housing boom. B) the dangers of high interest rates. C) increases in consumer wealth. D) the down-side of leverage.
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For a firm in a perfectly competitive industry, which of the following is TRUE?
A) MR = P B) MR < P C) AVC = ATC D) MR > P
Economics