What is most likely to happen when no logger owns the property rights to a forest that is open to logging?

Question

Quizplus · Accepted Answer

When no single logger owns the property rights to a forest, it often leads to a situation known as the "tragedy of the commons," where individual loggers are incentivized to extract as much value as possible without regard to the long-term sustainability of the forest, leading to overlogging.

What Is Most Likely to Happen When No Logger Owns