What causes the Tragedy of the Commons?
A)Social and private incentives are the same.
B)Social and private incentives differ, and common resources are not rival in consumption and are not excludable.
C)Common resources are not rival in consumption and are not excludable.
D)Social and private incentives differ, and common resources are not excludable but are rival in consumption.

Question

Quizplus · Accepted Answer

The Tragedy of the Commons occurs because social and private incentives differ, leading individuals to overuse resources that are not excludable but are rival in consumption, meaning one person's use diminishes others' ability to use the resource.

What Causes the Tragedy of the Commons