If the Government Assigns Private Property Rights to a Common

question 139

Multiple Choice

If the government assigns private property rights to a common resource, then the

• A) resource is under-utilized.
• B) marginal private cost becomes equal to the marginal social cost.
• C) government needs to set a quota to achieve efficiency.
• D) None of the above answers is correct.

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Definitions:

Interpersonal Communication

The process through which people exchange information, feelings, and meaning through verbal and non-verbal messages in a face-to-face context.

Interpreter

A person who translates spoken or signed language into another language, facilitating communication between speakers of different languages.

Elements

Substances consisting of atoms with the same number of protons, categorized in the periodic table.

Satisfaction

The feeling of fulfillment or pleasure derived from achieving one's goals or fulfilling one's needs.