The parable called the Tragedy of the Commons applies to goods and services such as
A)emergency medical services and satellite TV.
B)tornado sirens and basic research.
C)grazing land and fishing.
D)antipoverty programs and national defense.

Question

Quizplus · Accepted Answer

The Tragedy of the Commons refers to a situation where individual users who have open access to a shared resource (commonly a natural resource like grazing land or fishing waters) act independently according to their own self-interest and contrary to the common good of all users, leading to the depletion or degradation of that resource.

The Parable Called the Tragedy of the Commons Applies to Goods