Common property often results in

Name: Common property often results in
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Common property often leads to a negative externality, which means that the actions of one individual can adversely affect the well-being of others who share that property. This is because there is typically no incentive for individuals to consider the impact of their actions on others. For example, overfishing in a common fishing ground can result in depletion of fish stocks, which affects all fishermen who use that area.

Common Property Often Results in