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Sagot :
Common property resources tend to overused.
Commons resources are (renewable) natural resources whose current overexploitation has reduced their future availability and effectively restricted their use to a specific set of actors. B. A village resident or community member. Think community-owned forests, coastal fisheries, or reservoirs used for irrigation. Current economic theory predicts that sharing renewable natural resources will lead to resource overexploitation.
In the real world, some community-owned resources are actually severely degraded, while others are not. It's hard to understand why community resource management sometimes succeeds and sometimes it doesn't. This is due to many confusing mechanisms that exist in the real world. Economists, therefore, use economic experiments to pre-test the effectiveness of different institutions in sustaining cooperation in resource use such as punishment, reward, and communication.
learn more about renewable resources here: https://brainly.com/question/1757778
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