How can the Tragedy of the Commons be corrected
A)by providing more of the resource for public use
B)by assigning property rights to individuals
C)by providing government subsidies for the resource
D)by making certain everyone in the economy has access to the resource

Question

Quizplus · Accepted Answer

Assigning property rights to individuals can motivate them to efficiently manage and conserve the resource, as they would have personal stake in it. This would prevent overuse and depletion of the resource as each individual would have incentives to use the resource in ways that benefit them while also preserving the resource for future use.

How Can the Tragedy of the Commons Be Corrected