The tragedy of the commons is the overuse of a common resource relative to its economically efficient use. ( )
查看答案
One economically efficient way to eliminate the tragedy of the commons is to prevent anyone from using the resource. ( )
When the marginal product of labor falls, the marginal cost of output rises. ( )
Economists assume that the goal of the firm is to maximize total revenue. ( )
A profit maximizing competitive firm should produce at the point where marginal cost is lowest. ( )