Once it becomes obvious that a common resource is being overused:
A)market forces cause the use of the resource to shift to a sustainable level
B)society voluntarily limits its use of the good
C)it continues to be overused because individuals have no incentive to reduce their use of the good
D)the good becomes a natural monopoly

Question

Quizplus · Accepted Answer

C) is correct because this describes the "tragedy of the commons," where individuals acting in their own self-interest continue to overuse a common resource, despite knowing that this depletes the resource, because they do not bear the full cost of their actions.

Once It Becomes Obvious That a Common Resource Is Being