What does the tragedy of the commons imply?
A) Excessive supply for resources overwhelmed the demand
B) Demand for resources overwhelmed the supply
C) Demand for resources do not reach the supply
D) A demand-offer equilibrium
E) The lack of development in Africa

Question

Quizplus · Accepted Answer

The tragedy of the commons implies that individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting or spoiling shared resources through their collective action. This typically occurs when demand for a resource overwhelms the supply, leading to overconsumption and eventual depletion or degradation of the resource.

What Does the Tragedy of the Commons Imply