The problem caused when people are often reluctant to voluntarily pay for goods and services that provide benefits for everyone, even for those who don't pay is called the:

A voting procedure in which the alternative that receives the most votes wins, even if that alternative does not receive a majority of the votes, is known as the

A) Borda-count method. B) Condorcet method. C) instant runoff method. D) plurality-rule method

The Fab Five, a cartel of five firms, sells a homogenous product. The Oct-Pool cartel is composed of eight firms that can differentiate their products. In the given scenario, which of the following statements is true?

a. The firms of both cartels are likely to cheat on their cartel agreements. b. The firms of both cartels are unlikely to cheat on their cartel agreements. c. The Fab Five cartel firms are likely to cheat on their cartel agreement, while the Oct-Pool cartel firms are unlikely to cheat on their cartel agreement. d. The Oct-Pool cartel firms are likely to cheat on their cartel agreement, while the Fab Five cartel firms are unlikely to cheat on their cartel agreement.