Which of the Following Examples Specifies the Cause of the Tragedy

question 99

Multiple Choice

Which of the following examples specifies the cause of the tragedy of the common?

• A) People like to eat chicken so demand for chicken has significantly increased.
• B) The supply of chicken is plentiful, causing the profit margin of selling chicken to decrease.
• C) Tuna in the ocean are not privately owned so fishermen have an incentive to overfish.
• D) The supply of tuna is rare, creating high profit margins and incentives for fishermen to underfish tuna.

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Definitions:

Turnkey Project

A turnkey project is a type of project that is constructed so that it can be sold to any buyer as a completed product. This is common in international business in industries such as manufacturing and real estate.

Industrial Policies

Government measures aimed at improving the economic performance and competitiveness of specific sectors within an economy.

Political Factor

Political factors are elements related to government actions and policies that can affect a business's operations and profitability, such as laws, regulations, and political stability.

Competitive Landscape

The dynamic market environment in which businesses compete, including factors such as competitors, customers, and market trends.