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Principles of Micro
Economic History of the Soviet Union
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Water and common pool problems
» Practice Questions
1. Consider a lake which has no owner. Citizens from the surrounding area use the lake for everyday uses. The lake has become highly polluted. People take more water from it than they need so that others don’t take it first. This is an example of:
Common pool problem
Water Epicure Effect
2. In order to combat the “tragedy of the commons,” the resource may be ________________.
both a. and b.
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Copyright 2012 - Tyler Cowen and Alex Tabarrok