Individual companies have an economic interest in fossil fuels, although they might cause a great deal of harm in the long run. What is it called when the pursuit of individual gain leads to loss for a larger group?

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This situation is known as tragedy of the commons, where individual companies prioritize their own economic gain to the detriment of the larger group or society as a whole. This is because the harm caused by their pursuit of profit, such as environmental degradation from burning fossil fuels, is shared by everyone, but the benefits are enjoyed only by the company or individuals involved.

Individual Companies Have an Economic Interest in Fossil Fuels, Although