A consumer or producer who does not pay for use of a nonexclusive good but expects others to pay is known as a: Group of answer choices free rider. price setter. fringe element. None of these

Respuesta :

The consumer or producer who enjoys the use of a nonexclusive good but expects others to pay is called A. a free-rider.

A free-rider usually expects others to bear the responsibility for their enjoyment or use of a public good. When many people become free-riders, market failure occurs, which is known as the free-rider syndrome.

This syndrome makes it impossible for public goods to be provided. To minimize this free-rider problem, the government or the entity providing the free service or goods should ensure that users pay.

Thus, the consumer or producer who uses a nonexclusive good but expects others to pay is a free-rider.

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