Multiple Choice
A 100 acre wood used by four people for collecting firewood is common property.The socially efficient use of the wood could be achieved by assigning property rights
A) only if they go to whichever of the four most values the wood.
B) only if they are divided equally among all four users.
C) only if the are divided according to those who have been using it the longest.
D) to any of all of the four.
Correct Answer:

Verified
Correct Answer:
Verified
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