11) People in a society can benefit from existence of a fire department without paying for it. Economists refer to this situation as: a. externalities. b. zero marginal cost problem. c. moral hazard. d. free-rider problem. e. any of the above.

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11)  People in a society can benefit from existence of a fire department without paying for it.  Economists refer to this situation as: a. externalities.                 b. zero marginal cost problem.        c. moral hazard.                           d. free-rider problem.    e. any of the above.

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