Examlex
Which of these is/are TRUE?
I. The tragedy of the commons is MOST associated with pure private goods.
II. Highway congestion is an example of the tragedy of the commons because a new driver fails to consider the external costs of his using the road.
III. The tragedy of the commons is NOT an example of market failure.
Exponential Growth
A population growth pattern where the size of the population increases at a rate proportional to its current size, leading to faster growth as the population gets larger.
Carrying Capacity
The maximum population size of a biological species that an environment can sustain indefinitely.
Random Dispersion
A pattern of spacing of individuals within a population where the position of each individual is independent of others.
Interference Competition
Intraspecific competition in which certain dominant individuals obtain an adequate supply of the limited resource at the expense of other individuals in the population. Also called contest competition.
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