The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction o

Question

3 years ago

15

The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction o

f the grazing resource. To correct this problem, the town could _____.
a. allow individual shepherds to choose their own flock sizes.
b. internalize the externality by subsidizing the production of sheep's wool.
c. auction off a limited number of sheep-grazing permits.
d. wait until the market corrects the problem.

Business

1 answer:

alexdok [17] · Answer 1 · 2022-06-18T14:05:36+03:00

alexdok [17]3 years ago

7 0

Answer:

the answer is C. auction off a limited number of sheep-grazing permits.

Explanation: