Multiple Choice
When a production quota is used to remedy the tragedy of the commons, then
A) the market equilibrium, but not the efficient outcome, is achieved.
B) users of the resource have an incentive to cheat on the quota.
C) the quota is set so that use of the resource is where marginal private benefit equals marginal social benefit.
D) the quota is set so that use of the resource is where marginal private benefit equals marginal private cost.
E) previous users of the resource are given the incentive to avoid use of the resource.
Correct Answer:

Verified
Correct Answer:
Verified
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The table above
Q57: One important feature that distinguishes a private
Q58: A private good is<br>A) excludable and rival.<br>B)
Q59: Rational ignorance is the decision NOT to<br>A)
Q60: Very few voters know the enormous cost
Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -The table above
Q63: As more of a public good is
Q65: The government can be large in size
Q66: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7671/.jpg" alt=" -For a common
Q107: If a good or resource is rival,it