The tragedy of the commons is the absence of incentives to O A. discover the resource. O B. prevent the free - rider problem. C. prevent overuse and depletion of the common resource. O D. correctly measure the marginal cost. O E. prevent under use of the common resource.
The tragedy of the commons is the absence of incentives to O A. discover the resource. O B. prevent the free - rider problem. C. prevent overuse and depletion of the common resource. O D. correctly measure the marginal cost. O E. prevent under use of the common resource.
Chapter1: Making Economics Decisions
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The tragedy of the commons is the absence of incentives to
A. discover the resource.
B. prevent the free – rider problem.
O C. prevent overuse and depletion of the common resource.
O D. correctly measure the marginal cost.
E. prevent under use of the common resource.
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O O O C
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Step 1
TRAGEDY OF COMMON REFERS TO A SITUATION IN WHICH INDIVIDUAL WITH ACCESS TO A SHARED RESOURCE ALSO CALLED A COMMON, ACT IN THEIR OWN INTEREST AND DEPLETE THE COMMON RESOURCE.
TRAGEDY OF COMMON OCCUR WHEN INDIVIDUAL NEGLECT THE WELL BEING OF SOCIETY FOR THEIR PERSONAL GAIN AND THIS LEADS TO OVER CONSUMPTION AND DEPLETION OF COMMON RESOURCES.
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