Hello CH Tutors,

Would you be able to give me an example and explanation. Thanks

This is the question:

Select a familiar or local Common Resource or Public Good within the last 3 years.

• Assess the existence of free riders, externalities, cost-benefit analysis, the likelihood of a "Tragedy of the Commons" issue, etc.
• Evaluate the controls currently in place to protect or maintain the resource/good
• Discuss the sustainability or need for a change of the current status.