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Written Assignment 6
Research and describe in detail a market in which the tragedy of the commons has occurred. Identify the common resource at play and also explain the externality that resulted from your particular example. Can that externality be resolved through the Coase theorem? Explain why or why not.
Your response should be a minimum of 200 words and you should cite at least two outside sources using APA format. Be sure you use relevant and reliable sources.
Readings
Chapter 13 in Greenlaw and Shapiro, Principles of Microeconomics 2e
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