The tragedy of the common arises when:
A)A good is rival but non-excludable.
B)Property rights can be used to allocate good or services via the price mechanism.
C)A good is non-rival and non-excludable.
D)A good is rival but non-excludable
E)None of the above.

Question

Quizplus · Accepted Answer

The tragedy of the commons occurs when a resource is rival (one person's use diminishes others' use) but non-excludable (people cannot be prevented from using it), leading to overuse and depletion.

The Tragedy of the Common Arises When