Economics · Public Finance

Which of the following correctly defines the 'free-rider problem'?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The willingness of people to pay for a merit good
2The unwillingness of people to pay for an optimal amount of a public good✓
3The willingness of people to pay for a club good
4The unwillingness of people to pay for a private good

Correct answer

The unwillingness of people to pay for an optimal amount of a public good

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Which of the following correctly defines the 'free-rider problem'?

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Which of the following correctly defines the 'free-rider problem'?

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