Which of the Following Applies to the Tragedy of the Commons

Multiple Choice

Which of the following applies to the tragedy of the commons and a common resource?
i.In the absence of government action,there are no incentives to prevent the overuse of the common resource.
ii.When consumers take account of the marginal social benefit and marginal cost,overuse of the common resource occurs.
iii.Even with government action,it is impossible to achieve the efficient level of use of a common resource.

A) i only
B) i and ii
C) ii and iii
D) i, ii, and iii
E) ii only