One way to overcome the problem of the commons is to
A) take away property rights so that no one owns the resource.
B) assign property rights so that someone 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) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Assigning property rights to someone for the resource can help overcome the problem of the commons by giving the owner an incentive to manage the resource sustainably, as they bear the costs of overexploitation and benefit from its conservation.

One Way to Overcome the Problem of the Commons Is