If the Government Assigns Private Property Rights to a Common

question 119

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) resource becomes subject to the free riding problem.
• E) resource cannot be utilized.

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Definitions:

Duration

How long something lasts or is present.

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The process that initiates, guides, and maintains goal-oriented behaviors, driven by needs, desires, and goals.