Why does free access to a common property resource generate an inefficient outcome?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:39 AM

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Why does free access to a common property resource generate an inefficient outcome?

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Free access to a resource means that the marginal cost to the user is ...View the full answer

Microeconomics

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