Question

What causes the Tragedy of the Commons? a. Social and private incentives differ, and common resources are not rival in consumption and are not excludable. b. Common resources are not rival in consumption and are not excludable. c. Social and private incentives are the same. d. Social and private incentives differ, and common resources are not excludable but are rival in consumption.

Answer 1

Answer:

b. Common resources are not rival in consumption and are not excludable

Explanation:

• The tragedy of commons is the situation where the individual users have open access to the resources. Activities are independent are to their own self-interests and is opposite to the common goods of all uses.