When private ownership rights are well-defined and enforced, owners of physical assets and resources
A) have no incentive to consider the desires of others.
B) incur the opportunity cost of ignoring the wishes of others.
C) are not responsible if the use of their assets impose harm on others.
D) have little incentive to take care of their assets.

Question

Quizplus · Accepted Answer

When private ownership rights are well-defined and enforced, owners incur opportunity costs if they ignore the desires of others, as they could potentially lose out on beneficial exchanges or uses of their assets.

When Private Ownership Rights Are Well-Defined and Enforced, Owners of Physical