Study Guide for Microeconomics
9th Edition
ISBN: 9780134741123
Author: Robert Pindyck, Daniel Rubinfeld
Publisher: PEARSON
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Question
Chapter 18, Problem 12RQ
To determine
The problem of free riders in the economy.
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Students have asked these similar questions
How do public television stations, like PBS, try to overcome the free rider problem? Is public television a public good in a non-obvious way?
What examples do you have of public goods? What is the free-rider problem?
How do public television stations, like PBS, try to overcome the free rider problem? Define the problem, and then discuss the solutions.
[Be sure to explain, what you mean by public good, and what is the free rider problem. Then use the explanation to apply to the public television situations]
Chapter 18 Solutions
Study Guide for Microeconomics
Ch. 18 - Prob. 1RQCh. 18 - Compare and contrast the following three...Ch. 18 - Prob. 3RQCh. 18 - Prob. 4RQCh. 18 - Prob. 5RQCh. 18 - Prob. 6RQCh. 18 - George and Stan live next door to each other....Ch. 18 - Prob. 8RQCh. 18 - Prob. 9RQCh. 18 - Prob. 10RQ
Ch. 18 - Prob. 11RQCh. 18 - Prob. 12RQCh. 18 - Prob. 13RQCh. 18 - Prob. 14RQCh. 18 - Prob. 15RQCh. 18 - Prob. 1ECh. 18 - Prob. 2ECh. 18 - Prob. 3ECh. 18 - Four firms located at different points on a river...Ch. 18 - Medical research has shown the negative health...Ch. 18 - The market for paper in a particular region in the...Ch. 18 - Prob. 7ECh. 18 - Prob. 8ECh. 18 - A beekeeper lives adjacent to an apple orchard....Ch. 18 - Prob. 10ECh. 18 - Prob. 11ECh. 18 - Prob. 13E
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- How do public television stations, like PBS, try to overcome the free rider problem?arrow_forwardWhat do laboratory experiments on the free-rider problem show? People do not contribute anything to the public good People contribute to the public good, but less than is optimal People contribute the optimal amount to the public goodarrow_forwardWhat is a practical way in which the free rider problem can be addressed by the private market? A Consumers agreeing to not overuse the good if it is available B The government implementing a tax in the market C The government verbally encouraging producers to make the product for the good of society D Private producers being able to charge a fee to use the goodarrow_forward
- Why is a football game on ESPN a quasi-public good but a game on the NBC, CBS, or ABC is a public good? How are over-the-air broadcasters (NBC, CBS, ABC) able to overcome the free rider problem?arrow_forwardWhich of the following is an example of the free-rider problem? A People who do not buy pizza because they are allergic to cheese B People who overspend on a vacation C People who benefit from listening to public radio but never donate to keep it running D People who choose not to give to charitable causes because they do not agree with the organization’s goalarrow_forwardCan anyone prevent you from enjoying the beauty of a sunset? Explain in the context of public goods.arrow_forward
- Free rider problem: a. Please thoroughly and completely explain the free-rider problem. b. Please give two examples of the free-rider problem, and explain why they are good examples.arrow_forwardOffer an example of a good that has become a public (or quasi-public) good due to technology. Explain how technology has made this good non-rival in consumption or non-excludable. Is there a free rider problem with the good you mentioned? How can the free rider problem be addressed in this example?arrow_forwardWhat are the two characteristics of public goods? What is the free-rider problem as it related to public goods? Is U.S. border patrol a public good or a private good? Explain.arrow_forward
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