Which of the following statements about private and common property rights is FALSE?
A) Air is available at a marginal cost of zero.
B) Common property rights lead to rapid depletion of the resource.
C) Animals with clear private property rights are not on the endangered species list.
D) Clean,breathable air is available at a marginal cost of zero.
E) Private property rights prevent the rapid depletion of the resource.

Question

Quizplus · Accepted Answer

Clean, breathable air is not available at a marginal cost of zero due to pollution control and environmental regulations.

Which of the Following Statements About Private and Common Property