Why Is the Social Marginal Benefit of a Common Property

question 15

Multiple Choice

Why is the social marginal benefit of a common property smaller than the value that people,on average,receive from it?

• A) Because use of a common property is nonrivalrous.
• B) Because when one additional person uses the common property,it lowers the value that others receive from it.
• C) Because entrance fees must be taken into account when determining the social benefit derived from a common property.
• D) Because "free riders" will use the common property without contributing to its costs.

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