The Incentive to Dedicate Private Resources to Maintaining a Common

question 28

Multiple Choice

The incentive to dedicate private resources to maintaining a common resource is low because:

• A) there is no benefit from maintenance of a common resource.
• B) entrepreneurs have not found a way to profit from common resources.
• C) the benefits of maintenance are external, not private benefits.
• D) maintenance is very expensive.

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Definitions:

Euphemism

The replacement of a term that has a negative association by a neutral or positive term.

Precising Definitions

Definitions aimed at reducing vagueness or ambiguity by providing a more exact or specific meaning.

Vagueness

The quality of being unclear, imprecise, or lacking in detail, often leading to ambiguity or misunderstanding.

Lexical Definitions

Explanations of the meanings of words or phrases as they are used in a particular language, focusing on their denotation rather than connotation.