All the following can achieve an efficient use of a common resource except ________. A. A production
Question:
All the following can achieve an efficient use of a common resource except ________.
A. A production quota equal to the marginal external cost
B. Individual transferable quotas that total the efficient quantity
C. Assigning property rights to convert the common resource to private use
D. Individual transferable quotas that trade at marginal external cost
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