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The tragedy of the commons is the: Multiple Choice disappearance of certain markets due to the public's lack of willingness to pay. undersupply of a
The tragedy of the commons is the:
Multiple Choice
disappearance of certain markets due to the public's lack of willingness to pay.
undersupply of a public good due to consumers not paying the full value of the good.
depletion of a common resource due to individually rational, but collectively inefficient, overconsumption.
notion that common resources are generally underconsumed and therefore not regularly produced due to artificially low demand.
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