Which of the Following Applies to the Tragedy of the Commons

question 48

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
• E)None of the above

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Definitions:

Hostile Environment

A setting or situation in which harassment or discrimination creates a challenging or offensive atmosphere, particularly in the workplace or educational institutions.

#MeToo Movement

A movement opposing sexual abuse and harassment, where individuals disclose accusations of sexual offenses by influential or well-known men.

Lewd Comments

Unsolicited and offensive remarks, often of a sexual nature, that are inappropriate and can contribute to a hostile environment.

Criminal Justice System

A network of governmental institutions responsible for upholding law, deterring and mitigating crime, and sanctioning those who violate laws with criminal penalties and rehabilitation efforts.