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Why is a common resource overused? CEE A common resource is overused because A the marginal social benefit from using a common resource increases as more of the resource is used B. producers know that eventually the government will impose production quotas C. producers consider their own private cost but not the cost they impose on others D. the marginal cost of using a common resource remains constant

Why is a common resource overused? CEE A common resource is overused because A the marginal social benefit from using a common resource increases as more of the resource is used B. producers know that eventually the government will impose production quotas C. producers consider their own private cost but not the cost they impose on others D. the marginal cost of using a common resource remains constant

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Why is a common resource overused? A common resource is overused because A the marginal social benefit from using a common resource increases as more of the resource is used OB. producers know that eventually the government will impose production quotas OC. producers consider their own private cost but not the cost they impose on others D. the marginal cost of using a common resource remains con tant
Transcribed Image Text:Why is a common resource overused? A common resource is overused because A the marginal social benefit from using a common resource increases as more of the resource is used OB. producers know that eventually the government will impose production quotas OC. producers consider their own private cost but not the cost they impose on others D. the marginal cost of using a common resource remains con tant
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