The solution to the "tragedy of the commons" in street traffic congestions in London was ________.
A) to run an advertise campaign to persuade drivers to use other routes
B) to let the market solve the problem by itself
C) to build a new highways
D) to levy a toll on the highway use

Question

Quizplus · Accepted Answer

Levying a toll on the highway use is a solution that creates a price for road use, thus reducing the number of drivers on the road at any given time. This reduces traffic congestion and frees up the road for those who value it the most, which is a solution that has been implemented successfully in various cities around the world. The other options, such as building new highways or running an advertisement campaign, do not necessarily address the issue of congestion adequately and might even exacerbate the problem. Letting the market solve the problem by itself might not work in the case of the tragedy of the commons, as it often leads to inefficient outcomes.

The Solution to the "Tragedy of the Commons" in Street