Based on Chapter 9 "The Logic of Scarcity" briefly answer the following questions:

1. Why is an unregulated commons bad for conservation?
2. What are the potential shortcomings of the property-rights approach to environmental protection?
3. Why does free-market environmentalism come up short in providing an adequate framework for addressing environmental problems?

Due: 11:00 a.m. Wednesday, 2/21. No paper copy will be accepted. You must submit your answer online. No late submission or resubmission will be accepted.

This assignment is worth 60 points. If you copy the questions in your answer, they would not be part of the word count.