When Private Ownership Rights Are Well-Defined and Enforced, Owners of Physical

question 235

Multiple Choice

When private ownership rights are well-defined and enforced, owners of physical assets and resources

• A) have no incentive to consider the desires of others.
• B) incur the opportunity cost of ignoring the wishes of others.
• C) are not responsible if the use of their assets impose harm on others.
• D) have little incentive to take care of their assets.

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