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Suppose Walden Pond is a common-property resourceanyone can fish without having to pay for access. Swan Lake is privately ownedpeople who want to fish must
Suppose Walden Pond is a common-property resourceanyone can fish without having to pay for access. Swan Lake is privately ownedpeople who want to fish must purchase one of a limited number of permits from the lake's owner each season. According to the incentives that private ownership creates, which of the following would you expect to happen? Check all that apply. The owner of Swan Lake is likely to keep the lake clean and unpolluted. Walden Pond is less likely to experience a dwindling stock of fish each season. The owner of Swan Lake is likely to limit the number of fishing permits in order to maintain a plentiful stock of fi
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