The Tragedy of the Commons
A)occurs most often with public goods.
B)is only applicable to shared grazing rights among sheep herders.
C)is eliminated when property rights are assigned to individuals.
D)occurs when social incentives are in line with private incentives.

Question

Quizplus · Accepted Answer

When property rights are assigned to individuals, the tragedy of the commons is eliminated because individuals have a vested interest in preserving the resource and preventing its overuse.