Which of the Following Applies to the Tragedy of the Commons

question 268

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

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Definitions:

Servant Leader

A leadership philosophy in which the main goal of the leader is to serve others, prioritizing the well-being of their team members and organization.

Selfish Goals

Objectives that are primarily focused on personal gain, often at the expense of others or the collective good.

Personal Gain

The acquisition of benefits or advantages for one's own self, often in the context of advancing personal interests or wealth.

Project OXYGEN

A project by Google aimed at identifying and cultivating effective management and leadership practices.