Without property rights to natural resources

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    no one has incentive to ensure the continued productivity of the resources, which can lead to resource depletion and inefficiency.
     all can benefit from use of the resources and society is better off.
     access is not restricted and so efficiency results when all can utilize the resources.
     None of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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no one has incentive to ensure the continued productivity of the resources, which can lead to resource depletion and inefficiency.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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