Which of the Following Is an Example of the Tragedy

question 272

Multiple Choice

Which of the following is an example of the Tragedy of the Commons?

• A)The number of professional football teams increases to the point where the quality of the games decreases, as does television viewership.
• B)The number of satellites increases to the point where they begin running into each other.
• C)Disney World becomes so crowded that it institutes a lottery for admissions.
• D)A tiger breeding program becomes so successful that local zoos have to build additional exhibits so that visitors can view the cats.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Crossover Rate

The crossover rate refers to the point at which two different projects have the same net present value (NPV), used in capital budgeting to compare the desirability of investments or projects.

Mutually Exclusive

Situations, events, or decisions that cannot occur or be undertaken simultaneously—if one happens, the other cannot.

Projects

Initiatives or plans undertaken to achieve specific objectives, which can be either short-term or long-term in nature.