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business exam 1/2

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Question:

Role of Gov- Common Access Resources

Author: Novice



Answer:

-Resources that are not owned by anyone. eg: ocean, forest, fishing. -Are non-excludable (non-depletable) and rivalrous in consumption. -Government can exploit resources, reducing enjoyment people have from these resources. -gov't must control proper use of resources.


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Novice
Novice