Free Rider Problem Definition
Definition of the Free Rider Problem - A situation where public goods are underprovided or not provided at all because individuals are able to consume the good by paying little or nothing towards the cost.
Although they can solve the free rider problem, the downside of these laws is that they create a monopoly (often with significant market power) and (almost always) cause a deadweight loss.
 See also: Rival, Free rider, Public good, Public goods, Non-excludability
  
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