When Producers Are Hard to Monitor and Property Rights Are

Multiple Choice

When producers are hard to monitor and property rights are too costly,________ are an effective method to achieve efficient use of a ________.

A) individual transfer quotas; public good
B) making a government payment equal to the marginal private benefits; public good
C) individual transferable quotas; common resource
D) individual transferable quotas; excludable good
E) making a government payment equal to the marginal private costs; common resource