The Basic Cause of Deadweight Losses from the Existence of Common

question 204

Multiple Choice

The basic cause of deadweight losses from the existence of common resources and externalities is

• A)a lack of clearly defined and enforceable property rights.
• B)the self-interested rationality of human beings.
• C)the use of a market system to deal with scarcity.
• D)the absence of government intervention.

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