What is the problem of a free rider, and how does it relate to
public goods? Provide an example of such a problem, and make a
couple suggestions on how to mitigate the free rider issue.
Question:
1. What is the free rider problem and how does society can
overcome the free rider problem? Give at least two examples.
2. What is the difference between private and social cost?
Provide an example and explain in details.
3. Give an example and explain in detail the differences between
social and private benefits.
Which of these situations would give rise to the free-rider problem?studying for a test National Public Radio a recycling program group work in college a bank providing a "free" checking account bike-share programs