Which market failure occurs when people can benefit from a good/service without paying anything?
Correct answer: Free-rider problem
nomad
A couple of specific examples would have been helpful. Interesting though.
LouieYna
This makes sense, and those free riders are easy to convince to protest complain and demand. where as in contributions they are free😂
no
The explanation is directly quoted from the first two paragraphs of the Wikipedia page on this. Just sayin'.
Aarif
Market failure can also result from market power, externalities and information problems
Blinky
Player #53928064, saw your answer and knew we were from the same country!
Tremain White
Related social paradigm that's definitely problematic: "the tragedy of the commons".
Player #31375178
a free rider problem?? Could it also be... when a alley way. Is uesd by a Town next to a rail road.. But won't fixed the problem even though it in it city limits.. Because that town thinks it's to close to the railroad tracks. And that Union Pacific owns it and needs to fixed it. So who wins. Not the tax payers. of that Town.. Bid Boys, want to Ride for Free 😞😓😥. It Sad.