The following table shows the costs and benefit of producing a commodity.Table 13.1

-When the commons are converted into privately owned resources, _____.

Question

The following table shows the costs and benefit of producing a commodity.Table 13.1
 
-When the commons are converted into privately owned resources, _____.

Quizplus · Accepted Answer

When commons are converted into privately owned resources, the utilization often decreases because the new private owners implement measures to prevent overuse and manage the resource sustainably. This can lead to increased benefits for society as the resource is preserved for longer-term use and potentially managed in a way that provides broader benefits.

The Following Table Shows the Costs and Benefit of Producing