Which of the following is   not one of the points made in "Tragedy of the Commons"?Group of answer choicesIndividual property rights play a crucial role in resource preservation.Individual property rights tend to be tragically abused by the owners.Common property will tend to be overexploited.Common property makes its users try to use as much as possible and as soon as possible.

Tragedy of the commons arises because: Group of answer choicesExternal benefits are under-producedPublic goods are over-consumedCongestion reduces private benefitsThose consuming common resources don’t consider collective cost

One economically efficient way to eliminate the Tragedy of the Commons is toGroup of answer choicestax the owners of the resource.prevent anyone from using the resource.reduce the marginal social benefit of the resource.establish private ownership of the resource.

What is the tragedy of the commons?  A. A situation where common resources are overused due to individual self-interest  B. A situation where externalities are perfectly managed  C. A state of maximum cooperation  D. A situation where externalities do not exist

If the use of a common resource is not regulated,Group of answer choicesno one can enjoy it.it will tend to be underused.property rights will be clearly defined.it will be overused.

When property rights are not well established,Group of answer choicesgovernment resources are used inefficiently.the distribution of private goods is unfair.private goods become public goods.markets fail to allocate resources efficiently.