The challenge of cost-benefit analysis and the tragedy of the commons are two problems associated with which type of good?

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Quizplus · Accepted Answer

The challenge of cost-benefit analysis and the tragedy of the commons are both associated with nonexcludable goods, which are goods that are available to everyone and cannot be restricted to certain individuals. This creates difficulties in determining who should pay for the good and who should benefit from it, as well as the issue of overuse leading to depletion of the resource (tragedy of the commons). Cost-benefit analysis also becomes difficult because it is challenging to determine the amount of benefit each individual receives from the good.

The Challenge of Cost-Benefit Analysis and the Tragedy of the Commons