Tuna in the ocean is a common resource because:
A) it is difficult to prevent people from fishing in the ocean and every time someone catches tuna there is less tuna for someone
Else.
B) all tuna are identical (i.e., a homogenous good) and sold in competitive markets.
C) there is an abundance of tuna and no one fisherman can affect the market equilibrium output.
D) None of the answers is correct.
Correct Answer:
Verified
Q63: Nonrival private goods are likely to have
Q65: Which of the following statements is TRUE?
I.
Q68: A television show like The Sopranos, for
Q71: Though markets can provide goods which are
Q73: Which of the following explains why it
Q80: For some public goods, such as Internet
Q120: Nonrival private goods are likely to be:
A)
Q145: Which of the following is the explanation
Q150: The tragedy of the commons is often
Q156: Which of the following scenarios describes how
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents