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schepotkina [342]
3 years ago
15

When private ownership rights are well-defined and enforced, owners of physical assets and resources

Business
1 answer:
sukhopar [10]3 years ago
8 0

Answer:

b. incur the opportunity cost of ignoring the wishes of others.

Explanation:

Opportunity cost in economics is seen as the forgone cost of doing something.

So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.

The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.

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