Answer ONE of the following questions (200 words minimum). In this forum, you will not be able to see your peers’ posts until after you post.
Option 1: Your economics professor assigns a group project for the course. Describe the free-rider problem that can lead to a suboptimal outcome for your group. To combat this problem, the instructor asks you to evaluate the contribution of your peers in a confidential report. Will this evaluation have the desired effects?
Option 2: Public goods are often thought to be goods or services that are provided by the government, but that is confusing cause and effect. What are the characteristics of a public good? Hint: Who provides the public good is not one of the characteristics.
Consider open educational resources (OER), for example, open textbooks. Make a case for why OER can be considered public goods. Hint: Who covers the cost of providing these products and why is that relevant to your answer?
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