Private Market Failure to Optimally Allocate Common Resources Is a Problem

question 23

True/False

Private market failure to optimally allocate common resources is a problem that has only become evident in the last few centuries.

---

Definitions:

Sleeping Aggregations

The behavior of certain species to cluster together when resting or sleeping, often for warmth, protection, or social reasons.

Optimal Foraging Hypothesis

A theory suggesting that animals maximize their net energy intake per unit of time spent foraging.

Hummingbird

A small bird known for its ability to hover in mid-air thanks to rapid wing flapping, feeding primarily on nectar and playing a role in pollination.

Nectar

A sweet liquid produced by plants, which serves as a food source for pollinators such as bees and butterflies.