In almost all cases,what is the problem with overuse of common resources
A)The allocation of private property rights leads to overuse of the common resource.
B)Private decision makers use the common resource too much.
C)Government policy allows unequal division of the common resource.
D)There are an insufficient number of common resources available for use.

Question

Quizplus · Accepted Answer

The problem with overuse of common resources is that private decision makers tend to use them too much. This is because these resources are typically available for free or at a low cost, leading to a tragedy of the commons where individuals act in their own self-interest and consume more than what is socially optimal, depleting the resource for everyone else. The other options are not as relevant to the issue of overuse of common resources.

In Almost All Cases,what Is the Problem with Overuse of Common