Distinguish between the economic optimum and open-access equilibrium points developed in figure 4.2 of Harris Custom Essay

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Distinguish between the economic optimum and open-access equilibrium points developed in figure 4.2 of Harris.
That example referred to above referred to the fishery. Can you think of any other examples where the ‘tragedy of the commons’ has occurred?
After outlining the difference between private and public goods, suggest why public goods are likely to be undersupplied (especially in the case of what we might call ‘ environmental public goods’).

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