Since individuals ignore the effect their use has on the amount of a resource remaining for others, common resources suffer from overuse when left to the private market.False

Question

Quizplus · Accepted Answer

This statement is true. Common resources like air, water, and fish suffer from overuse when left to the private market because individuals do not consider the impact of their use on others and there is no mechanism to regulate the use of the resource. As a result, the resource can become depleted or degraded over time.

Since Individuals Ignore the Effect Their Use Has on the Amount