In extremly large groups( like that of country or state), tough bosses ( leaders) can help overcome all but the following problems. a) Free-rider problems b) Shirking problems c) The Tragedy of the commons d) A tough boss cannot overcome any of them

In extremly large groups( like that of country or state), tough bosses ( leaders) can help overcome all but the following problems. a) Free-rider problems b) Shirking problems c) The Tragedy of the commons d) A tough boss cannot overcome any of them

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section: Chapter Questions

Problem 12QP

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Question

In extremly large groups( like that of country or state), tough bosses ( leaders) can help overcome all but the following problems.

a) Free-rider problems

b) Shirking problems

c) The Tragedy of the commons

d) A tough boss cannot overcome any of them

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