What is the tragedy of the commons? The tragedy of the commons O A. is a situation in which the government, elected by the common people creates inefficiency by its actions O B. is the overuse of a common resource that arises when its users have no incentive to conserve it and use it sustainably O C. is the situation that arises when the economy provides too little of a common resource O D. occurs when two firms make a collusive agreement that is not in the best interest of society Fried chicken at a July 1st picnic an example of the tragedy of the commons. The free use of computers at the local library an example of the tragedy of the commons O A. is not; is O B. is; is O C. is not; is not O D. is; is not