What is the tragedy of the commons?

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asked Oct 5, 2019 64.0k views

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Marius Retegan · Answer 1 · 2019-10-11T21:02:23+0000

The tragedy of the commons is a problem that happens when individuals that share a resource takes advantage and try to get the most benefit from the resource. This results into less supply than demand until the resource becomes unobtainable to all.

What is the tragedy of the commons?

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