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

Question

Quizplus · Accepted Answer

By assigning property rights, someone will own the resource and have an incentive to maintain and conserve it for their own benefit. This creates a sense of responsibility and reduces the tragedy of the commons problem where everyone uses the resource without regard for its sustainability.

One Way to Overcome the Tragedy of the Commons Is