The combination of inefficiently high demand and dwindling quantity leads to what is called:
A) the free rider problem.
B) nonexcludable consumption.
C) rival in consumption.
D) the tragedy of the commons.

Question

Quizplus · Accepted Answer

The combination of inefficiently high demand and dwindling quantity leads to the tragedy of the commons, which occurs when a shared resource is depleted or destroyed due to individual self-interest and lack of coordination. In this scenario, the lack of regulation or ownership leads to overuse and eventual depletion of the resource, ultimately harming all users.

The Combination of Inefficiently High Demand and Dwindling Quantity Leads