encourages people to conserve It. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.

Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter17: Organizational Planning And Controlling
Section: Chapter Questions
Problem 3CTQ: The case focuses on U.S. markets. How are European markets affected by holiday shopping?
icon
Related questions
Question

Please answer fast in both

The tragedy of the commons Occurs because
A)shared ownership of a common resource
encourages people to conserve it.
B) people acting in their own self interest can create
outcomes which are best for society as a whole.
c) people acting in their own self interest can create
outcomes which are bad for society as a whole.
D)of the existence of private property rights.
Question 13
All of the following can occur with a market failure
except
A) the quantity in the free market is too low.
B) the price in the free market is too high.
C) resources are allocated efficiently.
D) the quantity in the free market is too high.
Transcribed Image Text:The tragedy of the commons Occurs because A)shared ownership of a common resource encourages people to conserve it. B) people acting in their own self interest can create outcomes which are best for society as a whole. c) people acting in their own self interest can create outcomes which are bad for society as a whole. D)of the existence of private property rights. Question 13 All of the following can occur with a market failure except A) the quantity in the free market is too low. B) the price in the free market is too high. C) resources are allocated efficiently. D) the quantity in the free market is too high.
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Management
Principles of Management
Management
ISBN:
9780998625768
Author:
OpenStax
Publisher:
OpenStax College