Multiple Choice
Once it becomes obvious that a common resource is being overused:
A) market forces cause the use of the resource to shift to a sustainable level
B) society voluntarily limits its use of the good
C) it continues to be overused because individuals have no incentive to reduce their use
D) the good becomes a natural monopoly
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Markets may allocate natural resources wastefully if:<br>A)people
Q43: When one person uses a common resource,
Q63: Which of the following would be considered
Q103: Why might Ellen decide not to put
Q126: When private costs differ from social costs,
Q129: What are two of the major difficulties
Q134: If all citizens in a certain city
Q150: National defence and basic research have in
Q162: In Australia, crocodiles are farmed for their
Q163: Free-to-air television is an example of a