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The free rider problem describes when someone benefits from a good or service without paying for it
Via Graham Watson
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Rescooped by Bruce Fellowes from Microeconomics: IB Economics |
Scoop.it!
Via Graham Watson
An essential part of understanding why public goods aren't provided by the free market, or why it is difficult to tackle externalities, or why shareholders are reluctant to tackle managerial under-performance is a grasp of the Free Rider Problem.
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This Marginal Revolution University clip might help.