The Tragedy of the Commons Is

question 35

Multiple Choice

The tragedy of the commons is:

• A)the undersupply of a public good due to people not wanting to pay for a publicly common good.
• B)the disappearance of certain markets due to the lack of willingness to pay by individuals,leading to collective misfortune.
• C)the depletion of a common resource due to individually rational but collectively inefficient overconsumption.
• D)None of these statements is correct.

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Definitions:

Comparative Geography

The study of the various characteristics of different places on Earth, focusing on similarities and differences.

Adaptive Trait

A characteristic of an organism that increases its chances of survival and reproduction in a specific environment.

Population

A group of individuals of the same species living in a particular geographic area and capable of interbreeding.

Meteorite Impact

Occurs when a meteoroid survives its passage through the Earth's atmosphere and impacts the surface, often resulting in craters and sometimes affecting the environment or climate.