The overuse of a common resource relative to its economically efficient use is called
A)the free-rider problem.
B)the Tragedy of the Commons.
C)a public good.
D)cost-benefit analysis.

Question

Quizplus · Accepted Answer

The Tragedy of the Commons describes a situation where individual users, acting independently according to their own self-interest, overuse and deplete a shared resource, even though it is clear that it is not in anyone's long-term interest for this to happen.

The Overuse of a Common Resource Relative to Its Economically