Suppose that instead of each farmer in an area owning a specific parcel of land, all farmland is pooled together.

Suppose that instead of each farmer in an area owning a specific parcel of land, all farmland is pooled together. The profits that remain from all of the pooled farmland is divided among all of the participating farmers equally. Which is the most likely consequence of a property right system like this being used

Leave a Reply

Your email address will not be published. Required fields are marked *