Question

The Tragedy of the Commons Select one: a. occurs when social incentives are in line with private incentives. b. is only applicable to shared grazing rights among sheep herders. c. occurs most often with public goods. d. is eliminated when property rights are assigned to individuals.

Answer 1

The Tragedy of the Commons is eliminated when property rights are assigned to individuals.

Explanation:

The tragedy condition of the popular is that particular users, individually behaving according to their needs, are opposed to the general good of each user by their collective behaviour by depleting or spoiling the public resources.

The top-down policy oversight or overt supervision of a common pool tool is one potential remedy. Regulating use and use, or prohibiting such persons lawfully, can minimize over consumption and government expenditure in resource management and regeneration can help avoid this degradation.