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.

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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 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 1/16/2018 11:29:51 AM

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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 surplus of the good will develop.

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