The problem of the commons arises because ________ exceeds ________ when the resource is used.
A) marginal social cost; marginal private cost
B) marginal private benefit; marginal social benefit
C) marginal private benefit; marginal private cost
D) marginal private cost; marginal social cost

Question

Quizplus · Accepted Answer

The problem of the commons occurs when the marginal social cost of using a resource exceeds the marginal private cost, leading to overuse and depletion of the resource.

The Problem of the Commons Arises Because ________ Exceeds ________

The Problem of the Commons Arises Because Exceeds