A person who regularly watches BBC television programs in the UK but fails to pay their TV licence fee is known as ?
Correct answer: B. a free rider
- A. excess baggage
- B. a free rider
- C. a costly rider
- D. a common resource
- E. an unwelcome rider
Explanation
A viewer who receives the benefit of a broadcast while avoiding the licence fee is a free rider. The term refers to consuming a good without paying for its provision.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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