-When resources are commonly owned, there are incentives in place to ensure that the resources are used efficiently.

Question

Quizplus · Accepted Answer

Commonly owned resources often suffer from the "tragedy of the commons," where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling the shared resource through their collective action.

-When Resources Are Commonly Owned, There Are Incentives in Place