Ownership of ocean from common property to private property

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Reference no: EM13987053

Changing the ownership of the ocean from common property to private property would

ensure that this resource would be allocated in a more efficient manner.

not be economically desirable.

result in no appreciable change in efficiency of utilization of this resource.

ensure that this resource would be allocated in a less efficient manner than under common property right

Reference no: EM13987053

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