Groundwater refers to water found in ldquoaquifersrdquo, Ask an Expert

Economics

Groundwater refers to water found in “aquifers” below the ground. Many aquifers are large in size and often there will be many landowners with land above a single aquifer. In the state of Texas, landowners with wells to access groundwater are legally allowed to extract and use as much groundwater from below their land as they want. Based on this information, what kind of good is Texas groundwater?

a. Public good

b. Private good

c. Common resource

d. Club good

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91858164

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