7. All the following can achieve an efficient use of a common resource except . A. a...

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7. 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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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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