Common Property II The Following Questions Refer to the Accompanying Diagram, Which Shows

Multiple Choice

Common Property II

The following questions refer to the accompanying diagram, which shows the benefits and costs associated with the use of a common property.



-Refer to Common Property II.Suppose the common property becomes privately owned.If the owner behaves competitively,what entrance fee would he charge for the right to use the property?

A) P_C.
B) P_C - P₁.
C) P₂ - P_C.
D) P₂ - P₁.