…and thus avoiding putting individuals in a Prisoner’s Dilemma,
thereby avoiding a Tragedy of Commons,…
…which is a good thing! 
Free-Market isn’t always in the best interests of the individuals (nor the whole).
Especially when a significant non-uniform distribution of knowledge/power
is known to exist within the various participants in the market.
Critics of a free market economy claim the following disadvantages to this system:
A competitive environment creates an atmosphere of survival of the fittest.
This causes many businesses to disregard the safety of the general public to increase the bottom line.Wealth is not distributed equally.
A small percentage of society has the wealth while the majority lives in poverty.There is no economic stability because greed and overproduction cause the economy to have wild swings ranging from times of robust growth to cataclysmic recessions.
Assumptions required for free markets to operate well are inconsistent with reality such as the myth of perfect and symmetric information, rational actors, and costless transactions.
[ Source ]
As with most things,
neither a complete free-market nor a fully-regulated market are perfect.
A moderate combination of both is required.
Ideally the balance changing from time to time.