The tragedy of the commons refers to the
A) overuse of resources that have no price.
B) plight of the common man.
C) first,little-known play by William Shakespeare.
D) tendency for cattle to eat too much.
E) overuse of resources that have no cost.

Question

Quizplus · Accepted Answer

The tragedy of the commons is a concept in economics that refers to the overuse of resources that are shared among individuals, such as air, water, or land. These resources often have no price or cost associated with their use, which can lead to individuals using them without considering the long-term consequences for the resource or the community as a whole. This can ultimately lead to resource depletion and environmental degradation.

The Tragedy of the Commons Refers to the