The "tragedy of the commons" is a term that refers to
A) tragic events such as forest fires and hurricanes that cause more damage than they should because of the failure of government to develop a common approach to handling disasters.
B) the tendency for a common resource to be overused.
C) the failure of Britain's House of Commons to respond quickly to tragedies such as the Great Plague.
D) free riding that causes too little of a public good to be produced.
Correct Answer:
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