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If gov't had no regulations or control policies over m&a's then it would not stop larger companies to ultimately gobble up the smaller players and become a monopoly.
A free rider example that involves a public good, such as clean breathable air. In California, everyone pays extra in gas tax to help keep our air clean. Free riders could exist by not using gasoline-consuming vehicles and opt for transportation alternatives. This creates a free rider problem because the clean air is shared and enjoyed by all, but not shared in cost equally.
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