Imagine a 2,000-acre park with picnic benches,trees,and a pond.Suppose it is publicly owned,and people are invited to enjoy its beauty.When the weather is nice,it is difficult to find parking,and the trash cans overflow with food wrappers on summer afternoons.Otherwise,it is a great place.The park is a common resource because
A)trash cans produce a negative externality, while good weather produces a positive externality.
B)access is limited due to driving distances.
C)if too many people use it, one person's use can prevent others from using it.
D)it is easy to fence in the park to control access.

Question

Quizplus · Accepted Answer

The park is a common resource because its use is non-excludable but rivalrous, meaning that one person's use can prevent others from using it. This is evident in the scenario where it is difficult to find parking and overcrowding leads to overflowing trash cans, making it unpleasant for others to enjoy the park. A common resource requires management to prevent overuse and ensure that it is available for all to enjoy. Options A, B, and D do not accurately describe the characteristics of a common resource.

Imagine a 2,000-Acre Park with Picnic Benches,trees,and a Pond