The free-rider problem occurs because
A) people who pay for information use it freely.
B) people who do not pay for information use it.
C) information can never be sold at any price.
D) it is never profitable to produce information.
B
Economics
You might also like to view...
The assumption of short-run price stickiness implies:
a. that we must adjust nominal quantities for changes in inflation. b. that we must always allow for unexpected inflation. c. that expected inflation is zero and nominal quantities are the same as real. d. a balanced budget.
Economics
Refer to the graph shown. In equilibrium, consumer surplus is equal to:
A. 1,400. B. 600. C. 1,200. D. 2,000.
Economics