Multiple Choice
Common resources are overused because
A) the marginal private benefit of operating a boat is the quantity of fish a boat can catch.
B) the social benefits outweigh the private benefits.
C) the marginal private benefit will always exceed the marginal social cost.
D) external costs are not considered.
E) social costs are controlled by production quotas.
Correct Answer:
Verified
Correct Answer:
Verified
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