(Answered) Market failure associated with public goodsjake was willing

Management Studies

Market failure associated with public goods

Jake was willing to contribute $30 this year to his local college radio station. However, after learning that the radio station already had met its goal of raising $400,000, he decided not to contribute, because he knew he could listen to it without contributing. This is an example of:

A: A deadweight loss

B: A spillover cost

C: An opportunity cost

D: The free-rider problem

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