One Way to Overcome the Tragedy of the Commons Is

question 114

Multiple Choice

One way to overcome the tragedy of the commons is to

• A) assign property rights so that someone owns the resource.
• B) take away property rights so that no one owns the resource.
• C) leave the market alone because the market will reach an equilibrium in which the efficient amount of the resource is used.
• D) educate people in order to overcome the problem of rational ignorance.
• E) None of the above answers is correct.

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Definitions:

Physical Distribution

Actual movement of products from producer to consumers or business users.

Direct Distribution Channel

Marketing channel that moves goods directly from producer to ultimate user.

Indirect Distribution Channel

A chain of intermediaries through which a product passes before reaching the consumer, involving one or more third parties.

Customer Service

The support and guidance offered by a company to its customers or users of its products or services.