People use a common property up to the point where the marginal cost of using it equals the social marginal benefit received from it.

Name: People use a common property up to the point where the marginal cost of using it equals the social marginal benefit received from it.
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People often overuse common resources, leading to a situation where the marginal cost of using the resource exceeds the social marginal benefit, a phenomenon known as the tragedy of the commons.

People Use a Common Property Up to the Point Where