Asked by
Luis Manuel Lopez Chirino
on Oct 26, 2024
Verified
To ensure efficient use of a common resource,the government could assign property rights.
Common Resource
A type of good that is non-excludable but rivalrous, meaning it is available to everyone but its consumption by one person can limit availability to others.
Property Rights
Legal rights to possess, use, and dispose of assets.
- Discern the properties and impediments in the administration of shared assets.
Verified Answer
SW
Learning Objectives
- Discern the properties and impediments in the administration of shared assets.