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21 December, 12:56

Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider. true or false: the government can solve the problem caused by people like charles by taxing people who watch the show. truefalsetrue or false: the private market can solve this problem by broadcasting downton abbey on cable tv, since then the good would be excludable and thus no longer a public good.

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  1. 21 December, 13:08
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    Given that Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives.

    Economists would call charles a free rider.

    The government can solve the problem caused by people like Charles by privatize channels so viewers have to pay to view them.

    The private market can solve this problem by broadcasting downton abbey on cable tv, since then the good would be excludable and thus no longer a public good.
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