The Tragedy of the Commons Arises Because ________ Exceeds ________

question 70

Multiple Choice

The tragedy of the commons arises because ________ exceeds ________ when the resource is used.

• A) marginal social benefit; marginal private benefit
• B) marginal social cost; marginal private cost
• C) marginal social benefit; marginal private cost
• D) marginal private cost; marginal private benefit
• E) marginal private cost; marginal social cost

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Definitions:

Organizational Cultures

The shared values, beliefs, and norms that influence the behaviors of individuals within an organization.

Associated With Trust

Being connected or related to the reliance on the integrity, strength, ability, or surety of a person or thing.

Developing A Reputation

Building a perception or belief about someone's character or abilities, based on their actions and achievements.

Revealing Confidences

The act of disclosing private or sensitive information that was entrusted to someone.