They are nonexcludable and nonrivalrous. A free rider is a person who does not pay for the benefits received from a public good. Free rides and their relation to property rights. D. Information Costs 1. Consumers need information in order to maximize utility.
Information is like any scarce good.
Government helps through organizations such as the US Department of Agriculture, FDA, etc. Objections to government involvement E. Imperfect Competition in Markets F. Macroeconomic Goals 1. Full employment 2. Price Stability 3. Economic Growth G. Income Distribution 1.