What is the problem with common resources? Select one: a. The property rights are unequal b....

What is the problem with common resources?

Select one:

a. The property rights are unequal

b. Inadequate tax revenue

c. Internalizing the externality

d. Overuse

Solutions

Expert Solution

The problem with common resources is the overuse of them. When overused, it causes several economic issues as the resources are not looked after in the areas with weak social management structures and the selfish users mainly destroy the resources by overusing and not financing the resources, the effects of which are everlasting. Therefore, the correct answer is option d.

The rest of the options are not the correct option to this, as these economic factors do not really relate or get to be the problem of common resources as much as the overusing of it does.

Rahul Sunny answered 1 year ago

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