Small tribes may be able to solve the tragedy of the commons by:
A) subsidizing the activity that creates the tragedy.
B) using social norms to punish and ostracize those that overuse a common resource.
C) setting price controls below the equilibrium price to clear the market.
D) All of the answers are correct.

Question

Quizplus · Accepted Answer

Small tribes may not have the resources to subsidize or set price controls on activities that create a tragedy of the commons. However, they can rely on social norms and community pressure to punish and ostracize those who overuse a common resource. This can be an effective way to prevent overuse without relying on external regulations or interventions.

Small Tribes May Be Able to Solve the Tragedy of the Commons