Once a common resource is available for consumption, policymakers need to be concerned with:
A)making sure everyone gets a fair chance to consume
B)how much is consumed
C)creating laws that will completely forbid consumption, because the environment is priceless
D)none of the above, because common resources are optimally provided in private markets

Question

Quizplus · Accepted Answer

Once a common resource is available for consumption, policymakers need to be concerned with how much is consumed to avoid depletion and ensure sustainability. While ensuring fair access to the resource is important, this alone does not address the issue of overconsumption. Complete forbidding of consumption may not be feasible or desirable in all cases, and private markets may not always provide optimal solutions for managing common resources.

Once a Common Resource Is Available for Consumption, Policymakers Need