The tragedy of the commons would not exist if people correctly recognized their private costs and benefits private property was eliminated in cases where the public interest was involved there was a way to discern and charge for the effects people have on others in public places everyone was honest and trustworthy
The tragedy of the commons would not exist if people correctly recognized their private costs and benefits private property was eliminated in cases where the public interest was involved there was a way to discern and charge for the effects people have on others in public places everyone was honest and trustworthy
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 10SCQ: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the...
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