Cite a situation wherein collective action problem may arise when firms practice market integration strategies.
Guidelines: Cite a situation wherein collective action problem may arise when firms practice market integration strategies. An example is provided below Example COMMON RESTROOM, A FREE-RIDING PROBLEM. A free rider is someone who benefits from a public good without paying for it. which is also why they literally receive a "free ride" (MasterClass, Aug 2022 "Free Rider Problem: Definition and Examples"). Let’s use cleaning the common restroom in a dormitory as an illustration of a free rider problem. The people in the dormitory are assigned to give money to buy materials for cleaning. They can use a clean restroom if they gather enough money. Everyone in the dormitory can benefit from the clean restroom in your dormitory including people who visit the housing e.g friends and families of the people who live in it. This means that even if you decide not to contribute, you will still be able to take advantage of this restroom’s cleanliness, especially for people who do not live in the dormitory. Unfortunately, if everyone realizes this, there won’t be much of a reason for any person to give or to donate money. It’s likely that your restroom will remain dirty until someone decides to clean or donate enough money to find someone to clean it, assuming that everyone in your community only considers what is best for themselves. The issue with free riders begins there. References: MasterClass. (August 1,2022). "Free Rider Problem: Definition and Examples". Retrieved from https://www.masterclass.com/articles/free- rider-problem Format: The format is provided in the comment section below.
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