Multiple Choice
The tragedy of the commons arises when a good is:
A) nonrival and nonexcludable.
B) nonrival and excludable.
C) rival and nonexcludable.
D) rival and excludable.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q92: When consumers don't have to pay for
Q93: When a government tries to change social
Q94: If consumers of common resources were subject
Q95: Excludability is important because it:<br>A)allows sellers to
Q96: When the free rider problem is present
Q98: Which of the following is a "design
Q99: Using a common resource:<br>A)creates a positive externality
Q100: When a good is undersupplied, we can
Q101: A common resource is:<br>A)rival in consumption and
Q102: A chocolate chip cookie would be considered:<br>A)a