For a common resource, the marginal private benefit of the resource is greater than the marginal social benefit.

Name: For a common resource, the marginal private benefit of the resource is greater than the marginal social benefit.
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For a common resource, the marginal social benefit is typically greater than the marginal private benefit because the resource is shared and its use by one individual can reduce its availability to others, leading to a situation known as the "tragedy of the commons."

For a Common Resource, the Marginal Private Benefit of the Resource