Common resources tend to be overused because:
A)individuals tend to ignore the cost their use of the resource has on others.
B)the individual marginal cost is greater than the marginal social cost.
C)common resources are nonrival and nonexcludable.
D)the marginal cost of allowing one more unit of consumption is zero.

Question

Quizplus · Accepted Answer

Common resources tend to be overused because individuals tend to ignore the cost their use of the resource has on others, leading to a tragedy of the commons. They do not take into account the externalities of their actions on other individuals who also rely on the same resource.

Common Resources Tend to Be Overused Because