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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 5
Aquifers are underground sources of clean water that stretch over thousands of square miles. People who own land over the aquifer are free to take as much as they want. What is likely to happen to water supplies in an aquifer? Is this efficient?
Explanation
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Tragedy of commons:
Tragedy of the comm...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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