The So-Called Tragedy of Commons Relates to the Idea That

Multiple Choice

The so-called tragedy of commons relates to the idea that

A) no one has an incentive to maintain collectively owned property.
B) collectively owned resources tend to be underused.
C) collective ownership provides the proper private incentives for efficiency because individuals bear the full costs of their own decisions and enjoy the full benefits.
D) central planning sets all production and distribution targets.