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Mark Lorenzo

added article Financial Services
2023-05-15 19:26:10 -

What is a free rider?
Key points A free rider is someone who wants others to pay for a public good but plans to use the good themselves; if many people act as free riders, the public good may never be provided. Markets often have a difficult time producing public goods because free riders attempt to use the public good without paying for it. The free rider problem can be overcome...

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