Problem
1. What types of solutions can address the tragedy of the commons?
2. What is the main prediction of the Coase theorem?
3. What are the two defining properties of public goods?
4. When is a public good being produced efficiently?
5. Why does the free-rider problem arise?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.