(Answered) 1 explain why the free-rider problem is likely to be

Economics

1. Explain why the "free-rider" problem is likely to be greater in a "large" group than in a "small" group.

2. The common interest of people who are in a burning theater is to walk out orderly and in other ways avoid a panic. If that is the case, why do people so frequently panic in such situations? Use rational behavior and the logic of collective action in your answer.

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Microeconomics, Economics

Category:- Microeconomics
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