In the presence of the ‘free rider’ problem ,private markets will always produce inefficient outcomes. True or false, and explain

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter2: Risk And Return: Part I
Section: Chapter Questions
Problem 18MC
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In the presence of the ‘free rider’ problem ,private markets will always produce inefficient outcomes. True or false, and explain
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