A town has a project to build a bridge that would benefit 50 people and each one of those 50 people is only willing to pay 100 toward the project . however , the bridge cost only 200 to build , this mean if everyone continued 100 , there would be an excess of 3000 1.Based on the case study above , what is the possibility of occurrence of free rider 2. suggest two approach on solving the free rider problem on the case study above

A town has a project to build a bridge that would benefit 50 people and each one of those 50 people is only willing to pay 100 toward the project . however , the bridge cost only 200 to build , this mean if everyone continued 100 , there would be an excess of 3000 1.Based on the case study above , what is the possibility of occurrence of free rider 2. suggest two approach on solving the free rider problem on the case study above

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter8: Market Failure

Section: Chapter Questions

Problem 4P

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