Free Rider Problem Explained | Public Goods I 60 Second Economics
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Free Rider Problem Explained | Public Goods I 60 Second Economics
Why pay if you can get it for free? 🤔 The Free Rider Problem happens when people benefit from a good without contributing, meaning private firms can’t cover their costs and under-provide it. From national defence to illegal streaming and password sharing on Netflix, free-riding creates a classic case of market failure #FreeRiderProblem # ...
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