Multiple Choice
Which of the following examples specifies the cause of the tragedy of the common?
A) People like to eat chicken so demand for chicken has significantly increased.
B) The supply of chicken is plentiful, causing the profit margin of selling chicken to decrease.
C) Tuna in the ocean are not privately owned so fishermen have an incentive to overfish.
D) The supply of tuna is rare, creating high profit margins and incentives for fishermen to underfish tuna.
Correct Answer:

Verified
Correct Answer:
Verified
Q94: When a good is excludable:<br>A) one person's
Q95: In the case of radio, the _
Q96: Which of the following solutions allows for
Q97: Goods can be classified as private goods
Q98: Which of the following countries implements individual
Q100: The lionfish is an invasive species from
Q101: Compared to private goods, the free market
Q102: When a good is rival in consumption:<br>A)
Q103: You can watch the show Spartacus on
Q104: Theoretically, when property rights are difficult to