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The tragedy of the commons a

Marketing Dec 29, 2020

The tragedy of the commons

a. describes the gradual shift from individual to communal grazing rights.

b. can be successfully solved by allowing individuals to follow their self-interest, without a need for government intervention.

c. followed from excessive government interference in the maintenance of the commons.

d. occurred because no one person owned the commons, so no one had the incentive to take care of it.

Expert Solution

 

The tragedy of the commons

 

a. describes the gradual shift from individual to communal grazing rights. No, the communal rights exist from the start.
b. can be successfully solved by allowing individuals to follow their self-interest, without a need for government intervention. No, this is exactly the definition of the problem.
c. followed from excessive government interference in the maintenance of the commons. No, government is not part of the situation.
d. occurred because no one person owned the commons, so no one had the incentive to take care of it. Yes, this is the best answer.
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