Because of the free-rider problem,

a. poverty has increased.

b. the federal government spends too many resources on national defense and not enough resources on medical research.

c. private markets tend to undersupply public goods.

d. fireworks displays have become increasingly dangerous.

Question

Business

Lilyana Glover

22 May, 18:57

Because of the free-rider problem,

a. poverty has increased.

b. the federal government spends too many resources on national defense and not enough resources on medical research.

c. private markets tend to undersupply public goods.

d. fireworks displays have become increasingly dangerous.

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Answers (1)

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Kai · Answer 1

c. private markets tend to undersupply public goods

Explanation:

Because of the free-rider problem, private markets tend to undersupply public goods

Because of the free-rider problem,a. poverty has increased.b. the federal government spends too many resources on national defense and not enough resources on medical research.c. private markets tend to undersupply public goods.d. fireworks displays have become increasingly dangerous.

Because of the free-rider problem,

a. poverty has increased.

b. the federal government spends too many resources on national defense and not enough resources on medical research.

c. private markets tend to undersupply public goods.

d. fireworks displays have become increasingly dangerous.