Multiple Choice
In the village of Axiok,any farmer can allow its cattle to graze on the common grassland.Which of the following statements is incorrect?
A) Each farmer will allow their cattle to graze as long as the marginal benefit exceeds the marginal cost
B) The grassland is a renewable resource,if managed appropriately
C) The village's grassland will suffer from overgrazing
D) One farmer has property rights to the grassland
E) The grassland is subject to the common-pool problem
Correct Answer:
Verified
Correct Answer:
Verified
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