Common resources tend to be through private markets.
A)associated with prices that are too high
B)be efficiently priced
C)overconsumed
D)underconsumed

Question

Quizplus · Accepted Answer

Common resources tend to be overconsumed because they are available for use by anyone without restrictions. This leads to the tragedy of the commons, where individuals consume more than their fair share, ultimately depleting the resource. This happens because people do not bear the full cost of their usage, which leads to misallocation and overuse. Hence, common resources tend to be overused rather than underused.

Common Resources Tend to Be Through Private Markets