Ken,Danita,and C.J.all enjoy watching the holiday lights displayed in their neighborhood.The homes association is considering displaying lights around the sign at the entrance to the neighborhood.Ken values the lights at $50,Danita at $40,and C.J.at $20.The lights cost $100.What should the homes association do?
A) Install the lights because people like them.
B) Install the lights because the benefits outweigh the costs.
C) Do not install the lights because the costs outweigh the benefits.
D) Do not install the lights in order to prevent the Tragedy of the Commons problem of overuse.
Correct Answer:
Verified
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