Skip to content
We use only essential cookies to keep you signed in and remember your preferences. See our Cookie Policy.
TestStop
MocksPracticeResourcesIndiaBlogPricing
Sign in
Questions › UGC-NET › UGC-NET 2024 › Q46
2 marksMicroeconomics › Market failure, externalities and public goods › Common-pool resources and the tragedy of the commonsEasyabout 1 min

UGC-NET 2024 Question 46: Market failure, externalities and public goods

Due to open - access to a property after it is over-used beyond its carrying capacity. Such a situation is called :

Tap an option to check your answer.

Answer and worked solution

Checking your account…

Market failure, externalities and public goods has come up 114 times in 7 exams since 2006.

What this question tests

This question is on Common-pool resources and the tragedy of the commons, part of Market failure, externalities and public goods in Microeconomics.

Overuse of resources that anyone can access, and the policies that limit it.

TestStop has 12 past-paper questions on this subtopic.

Take this paper as a timed mockMore on Common-pool resources and the tragedy of the commons

Similar questions from other papers

  • CUET-PG 2026 · Q7The efficient level of output is the level at which price of product is _ marginal social cost (MSC).
  • GATE 2026 · Q32Which one of the following statements regarding externality is TRUE?
  • IIT JAM 2026 · Q19Which one of the following statements is CORRECT in the context of positive consumption externality?
  • UGC-NET 2026 · Q51Key assumptions of Coase theorem are: A. Zero transaction coast and two agents to each bargain B. Competitive market for legal entitlements and perfect knowledge about…
  • CUET-PG 2025 · Q6Which of the following is incorrect about the problem of externalities?

Question from the UGC-NET 2024 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.