Which of the following statements about common property rights is FALSE?
A) Common property is owned by everyone.
B) Common property is treated as though its price is zero.
C) Common property is owned by no one.
D) A common property resource will be overused.
E) All common property rights problems can be easily solved by assigning the rights to someone.

Question

Quizplus · Accepted Answer

Not all common property rights problems can be solved easily by assigning the rights to someone. The solution to these problems is often complex and depends on various factors, such as the characteristics of the resource, the number of users, and the externalities involved.

Which of the Following Statements About Common Property Rights Is