Multiple Choice
What causes the Tragedy of the Commons? i) Social and private incentives differ.
Ii) Common resources are not rival in consumption and are not excludable.
Iii) Common resources are not excludable but are rival in consumption.
A) i) only
B) ii) only
C) i) and ii) only
D) i) and iii) only
Correct Answer:
Verified
Correct Answer:
Verified
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