The Commons Problem arises because
A) firms don't maximize profits.
B) social and private incentives are not aligned and property rights are missing.
C) social cost equals private cost and property rights are missing.
D) social benefit equals private benefit and property rights are missing.
B
Economics
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According to this Application, the longer than usual harmattan has impacted the supply curve for cocoa pods, shifting the supply curve to the ________ due to a(n) ________ in cocoa yields
A) right; decrease B) left; decrease C) right; increase D) left; increase
Economics
Which of the following countries had the highest GDP per capita in 2014?
A) Norway B) United States C) Japan D) Qatar
Economics