The Tragedy of the Commons Is The

The tragedy of the commons is the:

A) undersupply of a public good due to people not wanting to pay for a publicly common good.
B) disappearance of certain markets due to the lack of willingness to pay by individuals, leading to collective misfortune.
C) depletion of a common resource due to individually rational but collectively inefficient overconsumption.
D) notion that common resources are generally under consumed and therefore not produced by suppliers due to artificially low demand.