Question

The tragedy of the commons results when a good is a. rival in consumption and not excludable. b. both rival in consumption and excludable. c. neither rival in consumption nor excludable. d. excludable and not rival in consumption.

Answer 1

The tragedy of commons occurs when a good is rival and not excludable. The tragedy of commons says that in a shared resource, if one party overuses the resource, even to the point of excess, that this diminishes the resource others to use.

This argument is used in environmental sustainability saying that people now are using all the resources and will not leave any for the future.