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A swimming pool opens in a local park in a large community. It is open to anyone who wants to come; there is no entry

A swimming pool opens in a local park in a large community. It is open to anyone who wants to come; there is no entry fee or ticketing system. Economists would predict that this pool will be ___ because ____.

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Overcrowded; the pool is a common resource and each person optimizes his own, not the collective, utility.

Underutilized; this is a symptom of the free rider problem

Overcrowded; this is a symptom of the free rider problem

Underutilized; the use of the pool suffers from the drop in a bucket problem

Used efficiently; each person will use the pool until their marginal utility equals their marginal cost.

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