When property rights are clearly defined and enforced, private owners will
A) use their property for selfish ends because they have little or no incentive to consider the desires of others.
B) develop and direct their property toward uses that others value highly because the market will generally reward them for doing so.
C) have little or no incentive to take care of their property or conserve it for the future.
D) be unable to derive personal gain if they are sensitive to the desires of others when deciding how to use their property.

Question

Quizplus · Accepted Answer

When property rights are clearly defined and enforced, private owners are incentivized to use their property in ways that others value because they can gain financially from meeting market demands.

When Property Rights Are Clearly Defined and Enforced, Private Owners