Common resources tend to be overused because:
A)individuals tend to ignore the cost to others of their use of the resource.
B)the individual marginal cost is greater than the marginal social cost.
C)common resources are nonrival and nonexcludable.
D)the marginal cost of allowing one more unit of consumption is zero.

Question

Quizplus · Accepted Answer

Common resources are often overused because individuals tend to ignore the cost to others of their use of the resource. In other words, they do not take into account the negative externalities imposed on others when they consume the resource. This can lead to a situation where the resource is depleted or degraded for everyone, even though it is in the best interest of each individual to use as much of it as possible.

Common Resources Tend to Be Overused Because