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5. Missing Markets [maximum 200 words] Abed and Jeff are two students who both rent a flat near to each other, although they have never
5. Missing Markets [maximum 200 words] Abed and Jeff are two students who both rent a flat near to each other, although they have never met personally. The cost of having a high-speed secured WiFi network in a flat is $20 per month. Jeff is constantly messaging people on social media on his phone, and he values the ability to do so at $15 month. Abed streams old British sci-fi TV series on his laptop, which he values at $10 per month. Do the concepts of non-rivalry and non-excludability apply to this situation? Would you predict that the final outcome will be Pareto efficient
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