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    Exam 11: Public Goods and Common Resources
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    The Tragedy of the Commons Describes
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The Tragedy of the Commons Describes

Question 367

Question 367

Multiple Choice

The Tragedy of the Commons describes


A) government regulation that is necessary to combat externalities.
B) overuse of a common resource relative to its economically efficient use.
C) the nonrivalry feature of a common resource.
D) an effective cost-benefit analysis.

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