Under the Texas law known as "rule of capture," land owners "get to pump as much of the water under it as they want. . .. 'This means whoever sucks it out first, it's their water'-even if that means there isn't enough left for others." Under this law, pumping large amounts of water:
A) imposes a negative externality on others.
B) imposes a positive externality on others.
C) imposes the free rider effect on others.
D) is a private decision with no effects on others.
Correct Answer:
Verified
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