Question : 21) The “tragedy of the commons” refers to the phenomenon : 1387510
21) The “tragedy of the commons” refers to the phenomenon where A) individuals are free riders. B) people overuse a common resource. C) people do not internalize an externality. D) there is rivalry in consumption. 22) A tragedy of the commons occurs when a resource is A) rival and excludable. B) rival and nonexcludable. C) nonrival and nonexcludable. D) nonrival and excludable. […]