Common property resources tend to be _______ through markets.
A) overpriced
B) efficiently priced
C) overconsumed
D) underconsumed

Question

Quizplus · Accepted Answer

Common property resources are typically overconsumed due to the absence of clearly defined property rights and the lack of market pricing. This results in a tragedy of the commons situation where individuals consume more than their fair share, leading to depletion of the resource.

Common Property Resources Tend to Be _______ Through Markets