Alex was willing to contribute $250 this year to his local college radio station. However, after learning that the radio station already had met its goal of raising $200,000, he decided not to contribute, because he knew he could listen to it without contributing. This is an example of: A deadweight loss An opportunity cost The free-rider problem An external cost

Alex was willing to contribute $250 this year to his local college radio station. However, after learning that the radio station already had met its goal of raising $200,000, he decided not to contribute, because he knew he could listen to it without contributing. This is an example of: A deadweight loss An opportunity cost The free-rider problem An external cost

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 8QP

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