Which of the following factors could mitigate the tragedy of the commons?
I. Pigouvian taxes
II. government quotas
III. the elimination of private property rights in a common resource
A) II
B) I and II
C) III
D) I, II, and III

Question

Quizplus · Accepted Answer

Pigouvian taxes and government quotas are measures that can help mitigate the tragedy of the commons by internalizing externalities and limiting usage of common resources, respectively. Elimination of private property rights would likely exacerbate the problem, not mitigate it.

Which of the Following Factors Could Mitigate the Tragedy of the Commons