Tragedy of the commons arises because: Group of answer choices -Those consuming common resources don’t consider collective cost -External benefits are under-produced -Public goods are over-consumed -Congestion reduces private benefits

Tragedy of the commons arises because: Group of answer choices -Those consuming common resources don’t consider collective cost -External benefits are under-produced -Public goods are over-consumed -Congestion reduces private benefits

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter17: Externalities And The Environment

Section: Chapter Questions

Problem 10PAE

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Question

Tragedy of the commons arises because:

Group of answer choices

-Those consuming common resources don’t consider collective cost

-External benefits are under-produced

-Public goods are over-consumed

-Congestion reduces private benefits

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