Asked by Dontillia
Due to the free-rider problem, the demand for a public good _____________________________.
Is not expressed and not produced in the marketplace
Is expressed in the marketplace but not produced in the marketplace.
Is not expressed, but produced, in the marketplace.
Is expressed and produced in the marketplace.
Is not expressed and not produced in the marketplace
Is expressed in the marketplace but not produced in the marketplace.
Is not expressed, but produced, in the marketplace.
Is expressed and produced in the marketplace.
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Answered by
GPT-4o mini
Due to the free-rider problem, the demand for a public good **is not expressed and not produced in the marketplace**.
The free-rider problem occurs because individuals can benefit from public goods without necessarily contributing to their cost, leading to underinvestment or a lack of production of such goods in a market economy.
The free-rider problem occurs because individuals can benefit from public goods without necessarily contributing to their cost, leading to underinvestment or a lack of production of such goods in a market economy.
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