The tragedy of the commons occurs when a. a common-resource good becomes depleted. b. positive externalities are larger than desired. c. a club good cannot be traded. d. the free-rider problem occurs. e. a private good is underproduced.

The tragedy of the commons occurs when a. a common-resource good becomes depleted. b. positive externalities are larger than desired. c. a club good cannot be traded. d. the free-rider problem occurs. e. a private good is underproduced.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 3PA

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Question

The tragedy of the commons occurs when

a. a common-resource good becomes depleted.

b. positive externalities are larger than desired.

c. a club good cannot be traded.

d. the free-rider problem occurs.

e. a private good is underproduced.

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