When people have identical tastes,the rents created by a common property are totally dissipated.

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Quizplus · Accepted Answer

When people have identical tastes, they will all want to use the common property in the same way and to the same extent, leading to overuse and depletion of the resource, known as the tragedy of the commons. This results in the total dissipation of rents or benefits that could have been gained if the common property was used sustainably.

When People Have Identical Tastes,the Rents Created by a Common