Asked by Yujing Huang on May 28, 2024

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Which of the following is not one of the points made in "Tragedy of the Commons"?

A) Individual property rights play a crucial role in resource preservation.
B) Common property will tend to be overexploited.
C) Common property makes its users try to use as much as possible and as soon as possible.
D) Individual property rights tend to be tragically abused by the owners.

Tragedy of the Commons

The tragedy of the commons describes a situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, even as it is clear that it is not in anyone's long-term interest for this to happen.

Property Rights

Legal rights to possess, use, and dispose of land, buildings, or goods owned by an individual or entity.

  • Analyze the notion of "Tragedy of the Commons" and its utilization in the stewardship of natural resources.
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GM
Gillian MendezMay 30, 2024
Final Answer :
D
Explanation :
"Tragedy of the Commons" primarily argues that common resources are overused and depleted because individuals act in their own self-interest rather than considering the common good. It does not argue that individual property rights lead to tragic abuse by the owners; rather, it suggests that individual property rights can help in resource preservation by giving owners an incentive to manage resources sustainably.