Which of the following are expected consequences of common ownership of property and resources?

Question

Quizplus · Accepted Answer

Common ownership of property and resources often leads to the tragedy of the commons, where individuals may be incentivized to overuse or exploit the resource for their own benefit, leading to depletion and degradation. Additionally, without individual ownership, there may not be a clear incentive for any individual to maintain or protect the resource, leading to the threat of corrupt use. Finally, because everyone has access to the resource, individuals may engage in free riding, using the resource without contributing to its maintenance or upkeep.

Which of the Following Are Expected Consequences of Common Ownership