Economists view private property rights regimes as having what advantage over communal property rights regimes a Private property rights are incentive compatible, communal property rights are not b Communal property rights solve the non excludability characteristic of public goods c Private propert...

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Economists view private property rights regimes as having what advantage over communal property rights regimes? a Private

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Economists view private property rights regimes as having what advantage over communal property rights regimes?

	a	Private property rights are incentive-compatible, communal property rights are not.
	b	Communal property rights solve the non-excludability characteristic of public goods.
	c	Private property rights necessarily result in more equitable outcomes.
	d	Communal property rights are incentive compatible whereas private property rights are not.