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8 January, 16:26

The Tragedy of the Commons can be corrected by a conducting

a cost-benefit analysis.

b assigning property rights to individuals.

c providing government subsidies for the resource.

d making certain everyone in the economy has access to the resource.

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  1. 8 January, 18:28
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    B) assigning property rights to individuals.

    Explanation:

    The tragedy of the commons is the result of excessive individual consumption of a non-excludable good.

    There are two ways to reduce or eliminate the negative effects of the tragedy of the commons:

    limit access to the resources, i. e. make them excludable. convert the common resources into private goods, i. e. assign property rights to individuals.
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