Question: Using sentences, briefly define the following five concepts and for each, give one reason for its significance.. 71-74. free rider 75-78. agency problem 79-82. rent

Using sentences, briefly define the following five concepts and for each, give one reason for its significance..

71-74. free rider

75-78. agency problem

79-82. rent seeking

83-86. tragedy of the commons

87-90. deadweight loss

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