=+law, is free to graze his or her cows. Use of the commons is measured in units

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=+law, is free to graze his or her cows. Use of the commons is measured in units of the number of cows grazing on it. Assume that the marginal private cost curve of cow-grazing on the commons is upward sloping (say due to

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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