The Tragedy of the Commons Is the Absence of Incentives

question 26

Multiple Choice

The tragedy of the commons is the absence of incentives to

• A) correctly measure the marginal benefit.
• B) prevent under use of the common resource.
• C) prevent overuse and depletion of the common resource.
• D) discover the resource.
• E) prevent the free-rider problem.

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Definitions:

Absorbed

The process by which substances are taken into a more condensed form or into a different medium, such as liquids being taken up by solids.

Small Molecules

Chemical substances that are not very large, typically having a low molecular weight, and often used in pharmacology and biochemistry.

Calcium

A mineral essential for human life, involved in bone formation, muscle contraction, and many other physiological processes.

Phosphorus

A chemical element that plays a vital role in biological molecules like DNA and ATP.