Which of the Following Is a Possible Solution When a Scarce

question 99

Multiple Choice

Which of the following is a possible solution when a scarce resource is subject to the tragedy of the commons?

• A) Access to the commons can be restricted through community norms and laws.
• B) Offer subsidies to consumers.
• C) Force people to move away from the commons.
• D) Persuade people to use less of the scarce resource through an advertising campaign.

---

Definitions:

Special Order

An order for a product or service that is outside the company's standard offerings, typically requiring unique specifications or quantities.

Split-off Point

The stage in the production process where multiple products become separately identifiable, often relevant in costing and decision-making processes.

Financial Advantage

The benefit gained in financial terms that gives an individual or entity a better position compared to others.

Production Run

A specific period or batch of production where goods are manufactured continuously, often tracked to analyze efficiencies and costs.