The tragedy of the commons is the:

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The tragedy of the commons refers to the tendency of individuals to overconsume common resources, leading to their depletion. This occurs because individuals do not bear the full costs of their consumption, but rather share them with the rest of society, leading to a situation where each person has an incentive to use as much of the resource as possible before others do the same. This leads to a situation where the resource is overexploited and eventually depleted, to the detriment of everyone.

The Tragedy of the Commons Is The