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Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit The tragedy of the commons refers to the: Multiple Choice 00:28:29 overus
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit overuse of resources that have no cost. under production of goods that ha
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit The tragedy of the commons refers to the: Multiple Choice 00:28:29 overuse of resources that have no price Mc Graw Hill Prev of 12 Next>
Quiz Ch. 11 (LO 1-4) G Saved Help Save& Exit Submit overuse of resources that have no cost. under production of goods that have external benefits. 00:28:18 failure of the Coase theorem when negotiation is costly. Mc Graw Hill Prev of 12 Next>
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Commons refer to the common properties for which the property rights are with the communities or society or government and society members are able to use it according to their will. But this leads to over exploitation of these common resources. Hence tragedy of commons refers to overuse of resources that have no price.

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