Figure 18.5.1 -Common Property Rights

Multiple Choice

Figure 18.5.1
-Common property rights:

A) increase efficiency over individual property rights.
B) enable the Coase theorem to work.
C) are responsible for the increasing success of preservation of African elephants.
D) are responsible for the increasing success of preservation of worldwide fishing resources.
E) result in faster depletion of resources than do individual property rights.