Common Resources Tend to Be Overused Because

question 175

Multiple Choice

Common resources tend to be overused because:

• A)individuals tend to ignore the cost to others of their use of the resource.
• B)the individual marginal cost is greater than the marginal social cost.
• C)common resources are nonrival and nonexcludable.
• D)the marginal cost of allowing one more unit of consumption is zero.