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g100num [7]
2 years ago
8

The Tragedy of the Commons Select one: a. occurs when social incentives are in line with private incentives. b. is only applicab

le to shared grazing rights among sheep herders. c. occurs most often with public goods. d. is eliminated when property rights are assigned to individuals.
Business
1 answer:
Reptile [31]2 years ago
6 0

The Tragedy of the Commons is eliminated when property rights are assigned to individuals.

Explanation:

The tragedy condition of the popular is that particular users, individually behaving according to their needs, are opposed to the general good of each user by their collective behaviour by depleting or spoiling the public resources.

The top-down policy oversight or overt supervision of a common pool tool is one potential remedy. Regulating use and use, or prohibiting such persons lawfully, can minimize over consumption and government expenditure in resource management and regeneration can help avoid this degradation.

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d. not all resources are equally suited to producing every good.

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The rule of increasing cost of opportunity is the principle that, when you keep increasing the development of one item, the cost of opportunity of creating the next unit rises. It occurs just as you redistribute resources to create one product which was ideally suited to create the initial product.

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<h3>What is Property Rights?</h3>

This refers to the inalienable rights which a property owner has as to how he chooses to rent, lease, let or sell his property or live there.

With this in mind, we can see that the main thing which Friedrich von Hayek believed was a prerequisite to private enterprise was property rights.

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