The free-rider problem is that the private market, left on its own, would provide too small a

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The free-rider problem is that the private market, left on its own, would provide too small a quantity of a public good. To produce the efficient quantity, government action is required.

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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Question Posted: Nov 11, 2024 09:00 AM

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The free-rider problem is that the private market, left on its own, would provide too small a quantity of a public good. To produce the efficient quantity, government action is required.
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The free-rider problem is that the private market, left on its own, would provide too small a

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Foundations Of Microeconomics

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