Imagine 5 corporations that all produce widgets. The production of widgets requires a particular tree that the government allows to be harvested from public lands. However, the 5 companies are cutting down these trees much faster than they can reproduce. In the long run, it would be better if all 5 of these corporations limited their harvesting in order to maintain the widget market, but given that they are all allowed to take as much as they can harvest, they find that it is in their best economic interest to take as many trees for widgets as possible. What does this kind of situation describe, and what might be one way to make the situation better? Read answers carefully: Make sure all parts of the answer are correct. Group of answer choices This describes the tragedy of the commons. One possible solution would be to have the government limit the amount of trees each corporation can take, provided the fines are severe enough so that cheating isn't an advantage. This describes the tragedy of the commons. A possible solution is just to trust each corporation not to take to much and voluntarily limit their own profits. This describes the veil