The tragedy of the commons is a situation where too much of an input is used by individuals,collectively making each individual worse off.

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The tragedy of the commons is a real phenomenon where individuals, acting in their own self-interest, use a shared resource (the commons) to the point where it becomes depleted or degraded, making everyone worse off in the long run. Examples of the commons could be a shared grazing land for farmers, a shared fishery for fishermen, or the atmosphere for carbon emissions.

The Tragedy of the Commons Is a Situation Where Too