Why do you think strong property right is vital for efficient market operation? What are the...

    

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Why do you think strong property right is vital for efficient market operation? What are the different regimes arising from various level of property right provisions? In the light of your asnwer so far, explanin the concept of 'tragedy of the commons' with an apprropriate example. Why do you think strong property right is vital for efficient market operation? What are the different regimes arising from various level of property right provisions? In the light of your asnwer so far, explanin the concept of 'tragedy of the commons' with an apprropriate example.

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Answer Introduction I For efficient market operations its important for a country to have strong pro... View the full answer