Explain why we should expect private markets to undersupply environmental quality. [You should be able to answer this question in 6 sentences at most.] Using terms and concepts from this course, explain how human-induced climate change can be viewed as a Tragedy of the Commons because the atmosphere is essentially open access as a repository for greenhouse gases. [You should be able to answer this question in 8 sentences or less.] Explain why we should expect private markets to undersupply environmental quality. [You should be able to answer this question in 6 sentences at most.] Using terms and concepts from this course, explain how human-induced climate change can be viewed as a Tragedy of the Commons because the atmosphere is essentially open access as a repository for greenhouse gases. [You should be able to answer this question in 8 sentences or less.]