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The problem created when it is difficult to exclude nonpaying customers is called the A) consumption-payment link problem. B) free-rider problem. C) public sector dilemma. D) asymmetric information problem.
The problem created when it is difficult to exclude nonpaying customers is called the free-rider problem.
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Asked 11/12/2013 4:40:52 PM
Updated 250 days ago|1/16/2018 11:29:51 AM
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The problem created when it is difficult to exclude nonpaying customers is called the free-rider problem.
Added 250 days ago|1/16/2018 11:29:51 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [1/17/2018 8:36:38 PM]
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When a price floor is imposed above the equilibrium price of a commodity, A) quantity demanded will be greater than quantity supplied for the good. B) the quantity demanded by consumers will be greater than at the equilibrium price. C) a shortage of the good will develop. D) a surplus of the good will develop.
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Updated 9/22/2014 10:51:05 AM
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When a price floor is imposed above the equilibrium price of a commodity, a surplus of the good will develop.
Added 9/22/2014 10:51:04 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [9/22/2014 1:00:26 PM]
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