In the UK owners of TV sets are required by law to buy a licence. Alex is

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In the UK owners of TV sets are required by law to buy a licence. Alex is a student at university and loves watching live sport on TV. He uses digital access to watch live sport, but he has not bought a TV licence.

a. What name do economists have for Alex?

b. How can the government solve the problem caused by people like Alex?

c. Can you think of ways the private market can solve this problem?

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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