Common resources tend to be _____ in private markets.
A)priced too high
B)efficiently priced
C)overconsumed
D)underconsumed

Question

Quizplus · Accepted Answer

Common resources, also known as public goods, are non-excludable and non-rivalrous. This means that once they are provided, it is difficult or impossible to exclude anyone from enjoying the benefits, and one person's use of the resource does not diminish another person's use. In private markets, this can result in overconsumption as consumers do not bear the full cost of their use and therefore tend to use more than is socially optimal.

Common Resources Tend to Be _____ in Private Markets