3. Charlie likes to watch shows like Downton Abbey on PBS, but he never sends in a contribution during their fund-raising drives. a) What name do economists have for people like Charlie (keep it clean!) b) How can the government solve the problem caused by people like Charlie? Is this likely to be an efficient response? c) Can you think of ways that the private market can solve problems like this?

3. Charlie likes to watch shows like Downton Abbey on PBS, but he never sends in a contribution during their fund-raising drives. a) What name do economists have for people like Charlie (keep it clean!) b) How can the government solve the problem caused by people like Charlie? Is this likely to be an efficient response? c) Can you think of ways that the private market can solve problems like this?

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter11: Public Goods And Common Resources

Section: Chapter Questions

Problem 3PA

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