What is the tragedy of the commons?

a. the tragedy of the commons refers to the fact that a good can be rival and excludable.

b. the tragedy of the commons refers to the tendency for a common resource to be overused.

c. the tragedy of the commons is the tendency for some goods to be excluded from public consumption.

d. the tragedy of the commons refers to the fact that some people benefit from a good without paying for it?

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Business

Clarence Jennings

4 April, 17:56

What is the tragedy of the commons?

a. the tragedy of the commons refers to the fact that a good can be rival and excludable.

b. the tragedy of the commons refers to the tendency for a common resource to be overused.

c. the tragedy of the commons is the tendency for some goods to be excluded from public consumption.

d. the tragedy of the commons refers to the fact that some people benefit from a good without paying for it?

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Antony Donovan · Answer 1

B. The Tragedy of the Commons refers to the tendency for a common resource to be overused. This tragedy is when the individual exploits and depletes a common resource because it is accessible, and, by our individual actions, we make everyone worse off.