Which of the Following Applies to the Tragedy of the Commons

question 48

Multiple Choice

Which of the following applies to the tragedy of the commons? I.In the absence of government action,there is an absence of incentives to prevent the overuse of the common resource.
II.When consumers take account of the marginal social benefit and marginal social cost,overuse of the resource occurs.
III.Even with government action,it is impossible for an efficient level of output to be achieved.

• A)I only
• B)I and II
• C)II and III
• D)I,II,and III
• E)None of the above

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Definitions:

Herbal Supplements

Products made from plants or plant parts used to treat or prevent diseases, improve health, or supplement the diet.

Biologic Response Modifiers

Biologic response modifiers are substances that modify immune responses, often used in cancer treatment to enhance the body's natural defense mechanisms against disease.

Chemotherapy

A type of cancer treatment using drugs to kill or slow the growth of cancer cells, often with various side effects.

Brachytherapy

A form of radiation therapy where a radioactive source is placed close to or inside the area requiring treatment.