Business, 06.12.2021 17:10 twalters88

The tragedy of the commons refers to how: a. markets fail to produce socially optimal levels of output.
b. individuals avoid paying for a good because they cannot be excluded from using it.
c. resources that are owned by the community at large tend to be overexploited because individuals have little incentive to use them in a sustainable fashion.
d. one party in a transaction tends to have significantly better information than another party.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 02:40

Which of the following statements about brand names is true? brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. it is always rational to prefer brand names over generic substitutes. read the following example and determine whether it illustrates a common critique or defense of advertising. musashi sees a commercial for a brand x clothing company that depicts the wearers of the clothes out having a good time with friends. although he doesn't particularly need new clothes, the commercial prompts him to buy a brand x t-shirt.

Answers: 3

Answer

Business, 22.06.2019 12:50

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Answers: 3

Answer

Business, 22.06.2019 18:40

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →

Answers: 3

Answer

Business, 23.06.2019 04:40

Which qualifications have an importance level higher than 60 for a career as a customer service representative? select all that apply operation monitoring mathematics service orientation reading comprehension persuasion learning strategies speaking

Answers: 1

Answer

You know the right answer?

The tragedy of the commons refers to how: a. markets fail to produce socially optimal levels of o...

Questions