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Discuss the sustainability for change of the current status

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Reference no: EM132340049

Question - Select a familiar or local Common Resource or Public Good (see text for examples to consider).

Assess the existence of free riders, externalities, cost-benefit analysis, likelihood of a "Tragedy of the Commons" issue, etc.

Evaluate the controls currently in place to protect or maintain the resource/good.

Discuss the sustainability or need for change of the current status.

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Public good or common resources demonstrate those aspects or services that are being considered as non excludable and non- rivalrous in nature.No individual can be debarred from enjoying the same and such vast availability does not lessen the right of others. This particular discussion takes into consideration the US National defense for understanding the challenges involved with rendering of public good and the current status relating to its maintenance.

Reference no: EM132340049

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