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Frank was willing to contribute $40 this year to his local public television station. However, after learning that the television station had already met its goal of raising $400,000, he decided not to contribute because he knew he could watch public television without contributing. This is an example of

a. dead weight loss

b. An opportunity cost

c. The free rider problem

 

D. An external cost

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91237585

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