Water shortages are usually the result of
A) profit-seeking owners of the resource holding water off the market and refusing to trade.
B) bad forecasts by water planners.
C) monopoly fixing of water prices.
D) a lack of tradeable property rights in water.

Question

Quizplus · Accepted Answer

A lack of tradeable property rights in water can lead to inefficient allocation and use of water resources, contributing to shortages.

Water Shortages Are Usually the Result of