Practice: Making customers pay per use of a public good is inefficient because:
Concept #1: Free Rider Problem
Concept #2: Tragedy of the Commons
Practice: Making customers pay per use of a public good is inefficient because:
Practice: In the case of a shared pasture, what is the rational strategy of herdsmen acting in their own best interests?
Practice: Which of the following environmental issues is not an example of the tragedy of the commons?
