What does the "Tragedy of the Commons" illustrate?

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The Tragedy of the Commons is a concept that explores how rational self-interest can lead to the depletion and destruction of shared resources. It highlights the fact that individuals acting in their own self-interest may ultimately cause harm to the community at large. This concept is often used to argue for the need for collective action and regulation to prevent overuse and degradation of commonly held resources.

What Does the "Tragedy of the Commons" Illustrate