If it is possible to place a commonly held resource under private ownership, then:
A)the tragedy of the commons can be solved.
B)the tragedy of the commons becomes even worse.
C)the privately held resource will be overused relative to the social optimum.
D)the privately held resource will be underused relative to the social optimum.

Question

Quizplus · Accepted Answer

Assigning property rights solves the tragedy of the commons because anyone who owns the resource will fully consider the cost of its use.

If It Is Possible to Place a Commonly Held Resource