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17 July, 13:20

Suppose walden pond is a common-property resource-anyone can fish without having to pay for access. swan lake is privately owned-people who want to fish must purchase one of a limited number of permits from the lake's owner each season.

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  1. 17 July, 15:46
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    According to the Incentives that private ownership creates, Fischer Pond is more likely to experience a dwindling stock of fish each season. This is a way of protecting the property as well as protecting the fish, and the natural environment.
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