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One Way to Overcome the Tragedy of the Commons Is

Question 114

Multiple Choice

One way to overcome the tragedy of the commons is to


A) assign property rights so that someone owns the resource.
B) take away property rights so that no one owns the resource.
C) leave the market alone because the market will reach an equilibrium in which the efficient amount of the resource is used.
D) educate people in order to overcome the problem of rational ignorance.
E) None of the above answers is correct.

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