What is one solution to the Tragedy of the Commons? Establishing private ownership or regulation Leaving the resource unregulated Allowing the government to control the resource Encouraging more pe people to use resource

Question

What is one solution to the Tragedy of the Commons? Establishing private ownership or regulation Leaving the resource unregulated Allowing the government to control the resource Encouraging more pe people to use resource

Answer 1

The solution to the Tragedy of the Commons is 'Establishing private ownership or regulation'.

Answer 2

## Step 1The Tragedy of the Commons is a concept in economics that describes a situation where individuals, acting in their own self-interest, overuse and deplete a shared resource. This is because they do not bear the full cost of their actions, leading to a situation where the resource is not sustainably managed.## Step 2The solution to the Tragedy of the Commons is to establish private ownership or regulation. This is because when individuals have a personal stake in the resource, they are more likely to manage it sustainably.## Step 3Private ownership or regulation can be achieved through various means such as privatization, government regulation, or community management. These methods ensure that the resource is managed in a way that is sustainable and beneficial to all.

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What is one solution to the Tragedy of the Commons? Establishing private ownership or regulation Leaving the resource unregulated Allowing the government to control the resource Encouraging more pe people to use resource

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