Question 17 of 17 sapling learning Which of the following scenarios is the best

Question

Question 17 of 17 sapling learning Which of the following scenarios is the best example of the "tragedy of the commons"? A group of farmers forming a collective to coordinate a common pricing strategy Users of a shared shower in a dorm allowing the shower to get nasty by failing to clean it often enough. O Two countries engaged in international trade of a good reach the same equilibrium price that is higher than it would have been in the absence of trade. A country experiencing widening income equality as evidenced by a growing Gini coefficient. All artists in a mass-media environment facing an incentive to create works that are lower quality in an attempt to appeal to the lowest O common denominator.

Explanation / Answer

Best example for tragedy of commons is

users of a shared shower in a dorm allowing the shower to get nasty by failing to clean it often enough.Tragedy of commons is referred to a situation wherein a property is used intensively by everybody but owned by none and hence they tend to overuse and exploit such common property resources.

Overhere the shower is used intensively by each one of them that they tend to exploit it and the shower is owned by none.Thus this the best example of tragedy of commons.

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