Question
Charlie loves watching Downtown Abbey on his local public TV station, but he never sends any money to support the station during its fund-raising drives.
Charlie loves watching Downtown Abbey on his local public TV station, but he never sends any money to support the station during its fund-raising drives.
a. What name do economists have for people like Charlie?
b. How can the government solve the problem caused by people like Charlie?
c. Can you think of ways the private market can solve this problem? How does the existence of cable TV alter the situation?
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Essentials Of Business Law
Authors: Jeffrey F Beatty, Susan S Samuelson
3rd Edition
0324537123, 9780324537123
