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

Name: What is most likely to happen when no logger owns the property rights to a forest that is open to logging?
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When no logger owns the property rights to a forest that is open to logging, there is no incentive for any one logger to limit their use of the resource. This often leads to overlogging, as multiple loggers try to extract as much value as they can before the resource is depleted.

What Is Most Likely to Happen When No Logger Owns