The tragedy of the commons O A. is the problem that the private market, left on

Question

The tragedy of the commons O A. is the problem that the private market, left on its own, provides too small a quantity of a public good O B. is the overuse of a common resource that arises because its users have no incentive to conserve it and use it sustainably C. occurs because the marginal social benefit from common resources exceeds the marginal social cost D. is a problem that occurred hundreds of years ago but is not a problem that occurs in the 21st century Click to select your answer Scrok Prtse F12 F11 F10 F9 0101 F8 F5

Explanation / Answer

answer is B

This is by definition. The tragedy of commons is when people overuse a commonly available free good to the hilt of exploitation.

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