When private ownership rights are well-defined and enforced, owners of physical assets and resources

A) have no incentive to consider the desires of others.
B) incur the opportunity cost of ignoring the wishes of others.
C) are not responsible if the use of their assets impose harm on others.
D) have little incentive to take care of their assets.

Private Ownership Rights

Legal protections that allow individuals or businesses to own, use, and transfer property freely.

Physical Assets

Tangible objects that hold value, such as real estate, machinery, vehicles, or commodities, often used in the production of goods and services.

Opportunity Cost

The value of the next best alternative forgone as a result of making a decision.