When Private Ownership of a Resource Is Clearly Defined and Enforced

Multiple Choice

When private ownership of a resource is clearly defined and enforced, the private owner

A) has little incentive to consider the wishes of others when deciding how to use the resource.
B) has little incentive to take care of the resource.
C) has a strong incentive to use the resource wisely and to consider seriously the wishes of others when deciding how to employ the resource.
D) has a strong incentive to consume the resource during the period rather than conserving it for future use.