The Tragedy of the Commons occurs because
A)common resources are rival in consumption.
B)government does not efficiently allocate society's scarce resources.
C)people consider the value of resources in the future more than in the present.
D)markets do not account for the presence of property rights.

Question

Quizplus · Accepted Answer

The Tragedy of the Commons occurs because common resources are rival in consumption, meaning that the use of the resource by one person or group reduces the amount available to others. This creates a situation where individuals act in their self-interest and consume more than their fair share, leading to overuse and ultimately depletion of the resource.

The Tragedy of the Commons Occurs Because