One Economically Efficient Way to Eliminate the Tragedy of the Commons

question 14

Multiple Choice

One economically efficient way to eliminate the Tragedy of the Commons is to

• A)tax the owners of the resource.
• B)prevent anyone from using the resource.
• C)reduce the marginal social benefit of the resource.
• D)establish private ownership of the resource.

---

Definitions:

Starch

Starch is a carbohydrate consisting of a large number of glucose units joined by glycosidic bonds, commonly found in foods and used as an energy source by plants and animals.

Carbohydrate

Organic compounds, including sugars, starches, and cellulose, made up of carbon, hydrogen, and oxygen, serving as a major source of energy for living organisms.

Deoxyribose

A sugar derived from ribose by replacing a hydroxyl group with hydrogen, forming the backbone of DNA molecules.

DNA

The molecule that carries genetic instructions used in the growth, development, functioning, and reproduction of all living organisms.