Question $2$

$0\mathrm{.}5pts$

What are elements of the central efficiency problem for common property resources?

In the absence of binding agreements, consumption of the common resource by one group member imposes negative externalit$($ies$)$ on the other group members.

Individuals do not take these negative externalities into account.

Aggregate consumption of the resource is typically inefficiently high.

All off the above.

None of the above.