What causes the Tragedy of the Commons? (i)
Social and private incentives differ.
(ii)
Common resources are not rival in consumption and are not excludable.(iii)
Common resources are not excludable but are rival in consumption.
A)(i) only
B)(ii) only
C)(i) and (ii) only
D)(i) and (iii) only

Question

Quizplus · Accepted Answer

The Tragedy of the Commons occurs because common resources are not excludable but are rival in consumption, leading to overuse. Additionally, social and private incentives differ, causing individuals to act in their own interest rather than the common good.

What Causes the Tragedy of the Commons? (I)