Property rights are well established for
A)private goods.
B)public goods.
C)common resources.
D)both (b) and (c).

Question

Quizplus · Accepted Answer

Property rights are established for private goods which are owned by an individual or a group and can be owned, sold or transferred. Public goods are non-excludable and non-rivalrous which makes it difficult to establish property rights. Common resources are rivalrous but non-excludable which results in overuse or depletion, making it challenging to establish property rights.

Property Rights Are Well Established for