The problem of the commons arises because _______exceeds _______ when the resource is used.
A) marginal private benefit; marginal social benefit
B) marginal private cost; marginal social cost
C) marginal social cost; marginal private cost
D) marginal private benefit; marginal private cost

Question

Quizplus · Accepted Answer

The problem of the commons arises because marginal social cost exceeds marginal private cost when a resource is used, leading to overconsumption and depletion of the resource.

The Problem of the Commons Arises Because _______Exceeds _______ When

The Problem of the Commons Arises Because _Exceeds _ When