Because of the free-rider problem,
a. poverty has increased.
b. the federal government spends too many resources on national defense and not enough resources on medical research.
c. private markets tend to undersupply public goods.
d. fireworks displays have become increasingly dangerous.

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?