Which of the following occurs when a resource held jointly by all,but owned by no one,is overused by individuals,resulting in its degradation?

Question

Quizplus · Accepted Answer

The tragedy of the commons occurs when a resource held jointly by all but owned by no one is overused by individuals, resulting in its degradation. It happens when individuals pursue their own self-interest without considering the impact on others, leading to depletion or degradation of the shared resource. This concept is often cited in the context of environmental issues such as overfishing or deforestation. Therefore, option C is the correct choice.

Which of the Following Occurs When a Resource Held Jointly