If the Use of a Common Resource Is Determined in the Private

question 170

Multiple Choice

If the use of a common resource is determined in the private market,the resource will be _____ since the marginal social benefit will be equal to the marginal private cost of production,which is _____ the marginal social cost.

• A) underused;greater than
• B) overused;less than
• C) overused;greater than
• D) underused;equal to

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Definitions:

Decomposer

Organisms that break down dead or decaying organisms, contributing to the nutrient cycle by recycling nutrients back into the ecosystem.

Earth's Surface

The outermost layer of the Earth, consisting of the crust and the upper part of the mantle.

Estuaries

Coastal water bodies where freshwater from rivers meets and mixes with saltwater from the ocean, creating unique and richly biodiverse environments.