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Economics

Our discussion board topic listed three potential solutions to the overuse of common resources: command and control, cultural norms, and creating property rights. Imagine you are a policy maker in California with the ability to design an intervention to overcome the tragedy of the commons that currently exists with respect to agricultural water use. Choose one of these potential solutions and create a plan to solve this crisis. Describe the merits of your intervention and the difficulties it must overcome to be successful. (Response must be 300 words)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91718788

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