Question

A group of university students buy coconuts from a farmers' market. The students consume the meat of the coconuts for food and use the shells to make sculptures. These sculptures are placed in a public park that any student can visit. The park sustains itself through students' donations.Some individuals have no incentive to donate to the park and will, instead depend on those who donate. this is an example of which of the following?

Answer 1

This is an example of a free rider problem.

The free rider problem is when people utilize or exploit a shared resource without contributing their fair part of the cost or without contributing anything at all. No matter how big or tiny a society is, the free rider issue might arise.

There are numerous instances of free rider issues. One typical instance is when someone continues to utilize public transportation despite not having paid for it. As a result, the service's quality may suffer, making it challenging for the supplier to continue offering it.

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