Charlie loves watching Teletubbies on his local public TV station, but he never sends any money to support the station during their fund-raising drives.a. What name do economists have for Charlie?b. How can the government solve the problem caused by people like Charlie?c. Can you think of ways the private market can solve this problem? How does the existence of cable TV alter the situation?
a) Free rider b) By taxing everyone for its use. c) Have people watch commercials during the show….
le television makes the good excludable and no longer a public good.