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In Which of the Following Cases Does the Tragedy of the Commons

question 138

Multiple Choice

In which of the following cases does the tragedy of the commons occur?
I. Cattle grazing on private pastures
II. Catching Bluefin Tuna in the Atlantic Ocean
III. Raising salmon on salmon farms
IV. Using legal services provided by the courts


Definitions:

Other Expenses

Costs not directly related to the core operations of a business, such as interest payments or losses from selling assets.

Food And Supplies

Items necessary for the preparation and service of food in industries such as catering or restaurants.

Net Operating Income

It is the total profit of a company after operating expenses are subtracted from total revenue but before interest and taxes are deducted.

Wages And Salaries

The compensation, including regular payments and benefits, paid to employees for their work or services.

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