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Market failure associated with public goods
Jake was willing to contribute $30 this year to his local college radio station. However, after learning that the radio station already had met its goal of raising $400,000, he decided not to contribute, because he knew he could listen to it without contributing. This is an example of:
A: A deadweight loss
B: A spillover cost
C: An opportunity cost
D: The free-rider problem
Marketing Planning Guide
Fully describe the four basic management functions and their relationship to each other.
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