Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

a) Resource owners will fail to conserve vital resources, even if they expect their scarcity toincrease.

b) Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned.

c) Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources.

d) Resource owners will gain by discovering and employing their resources in ways that arehighly valued by others.