At Chicago Cubs games, residents across the street from Wrigley Field can watch the game from their apartment windows. Many of t

Question

katrin2010 [14]

2 years ago

14

At Chicago Cubs games, residents across the street from Wrigley Field can watch the game from their apartment windows. Many of t

hese people probably never attend a game and pay for a ticket. How would we describe this economic problem

Computers and Technology

1 answer:

miv72 [106K] · Answer 1 · 2022-09-16T12:56:45+03:00

Answer:

There is a free-rider problem.

Explanation:

A free-rider is demonstrated as the economic problem in which the people continue to access or consume a resource without working or paying to ensure the upkeep of the resource.

As per the description, the given economic problem would be characterized as 'free-rider problem' as the resources are being consumed by the people('watch the game') without contributing a penny for it. This implies the burden on limited resources as people are not fairly paying to upkeep the resource and the resources tend to be overused or degenerated. Thus, <u>'</u><u>the free-rider'</u> problem has been demonstrated here.