In a Market Where the Tragedy of the Commons Arises,the

question 45

Multiple Choice

In a market where the tragedy of the commons arises,the equilibrium quantity is both individually ____________ and collectively __________.

• A)rational;inefficient
• B)inefficient;rational
• C)irrational;efficient
• D)efficient;irrational

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Definitions:

Accomplishing

The act of completing a task successfully or achieving a goal through effort, skill, or courage.

Classic Behaviorism

A psychological approach that emphasizes observable and measurable behaviors, denying the importance of internal mental states.

Social Aspects

Components of a situation, behavior, or phenomenon that involve the interaction between individuals within a society.

Passive Subjects

Individuals in a study who do not actively participate but are observed or have data collected about them.