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The Phenomenon Known as the Tragedy of the Commons Occurs

Question 120

Multiple Choice

The phenomenon known as the tragedy of the commons occurs
Whenever:


A) the private sector owns resources and manages them tragically.
B) the government owns resources and manages them tragically.
C) there is no ownership of resources, so they become depleted due to lack of management.
D) two countries own the same resource and cannot agree on its management.

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