One Economically Efficient Way to Eliminate the Tragedy of the Commons

question 14

Multiple Choice

One economically efficient way to eliminate the Tragedy of the Commons is to

• A)tax the owners of the resource.
• B)prevent anyone from using the resource.
• C)reduce the marginal social benefit of the resource.
• D)establish private ownership of the resource.

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Definitions:

Emergency Contraception

A method of preventing pregnancy after unprotected sexual intercourse, often referred to as the "morning-after pill."

Surgical Procedure

A medical operation performed to diagnose, treat, or prevent illness or injury, involving the cutting into the body.

Impregnation

The process of fertilizing an egg, resulting in pregnancy, or the act of permeating an object with another substance.

Implants

Medical devices or tissues inserted into the body, often for reconstructive or therapeutic purposes.