The tragedy of the commons:
Correct answer: A. Results from an inherent tension between collective and individual responsibility
- A. Results from an inherent tension between collective and individual responsibility
- B. Can always be resolved through privatization and nationalization of the commons
- C. Is independent of the carrying capacity of the common
- D. All of the options given are correct
Explanation
The tragedy of the commons occurs when individuals pursuing private benefits overuse a shared resource, creating a conflict between individual incentives and collective welfare. It depends partly on the commons' carrying capacity, and neither privatization nor nationalization always solves it.
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