Social Studies, 11.12.2019 05:31 jeronimo18

What is the outcome if the government assigns property rights to a common resource? if the government assigns property rights to a common resource,

a. the marginal social cost curve becomes the marginal private cost curve, and the use of the resource is efficient
b. a deadweight loss is created
c. the common resource will be over utilized
d. then the government must also set a production quota to achieve efficiency'

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