(Answered) 1 briefly describe monopsony provide a real life example2

Engineering

1. Briefly, describe monopsony (provide a real life example)

2. Briefly, describe network externality (provide a real life example)

3. Briefly, describe free rider problem (provide a real life example)

4. Briefly, describe negative externality (provide a real life example)

5. Describe a situation in which market fails because of asymmetric information (provide a real life example)

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