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

Hoffman

30 October, 19:06

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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Asia Dorsey · 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.