The So-Called Tragedy of Commons Relates to the Idea That

question 80

Multiple Choice

The so-called tragedy of commons relates to the idea that

• A) no one has an incentive to maintain collectively owned property.
• B) collectively owned resources tend to be underused.
• C) collective ownership provides the proper private incentives for efficiency because individuals bear the full costs of their own decisions and enjoy the full benefits.
• D) central planning sets all production and distribution targets.

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