Common property is

Name: Common property is
Brand: Quizplus
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Question

Common property is

Quizplus · Accepted Answer

Common property refers to resources that are owned by everyone and, at the same time, by no one. This creates the problem of the tragedy of the commons, where people tend to overuse or mismanage these resources due to the lack of incentives to conserve them. Examples of common property include the atmosphere, oceans, and other public goods. Choices A, B, and D are incorrect because they refer to different concepts that are not equivalent to common property.

Common Property Is