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What Does the Tragedy of the Commons Refer To

Question 2

Multiple Choice

What does the Tragedy of the Commons refer to?

A) To the depletion of a shared resource by individuals acting independently and rationally, according to one's self-interest, despite knowing that abusing the common resource is contrary to those individuals' long-term, best interests.
B) To the depletion of a shared resource by individuals acting independently and rationally, according to the common interest, despite knowing that abusing the common resource is contrary to those individuals' long-term, best interests.
C) To the depletion of a shared resource by individuals acting independently and rationally, according to one's self-interest, despite knowing that abusing the common resource is contrary to those individuals' short-term, best interests.
D) To the depletion of a shared resource by individuals acting independently and rationally, according to the common interest, despite knowing that abusing the common resource is contrary to those individuals' short-term, best interests.

Correct Answer: