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    Question

    The "Tragedy of the Commons" is most directly associated

    with the problem of providing:
    A Private Goods Correct Answer Incorrect Answer
    B Club Goods Correct Answer Incorrect Answer
    C Public Goods Correct Answer Incorrect Answer
    D Common-Pool Resources Correct Answer Incorrect Answer
    E Merit Goods Correct Answer Incorrect Answer

    Solution

    Common-pool resources are rivalrous (one person's use diminishes another's) but non-excludable (hard to prevent use). The "Tragedy of the Commons" describes how individuals, acting independently in their self-interest, overconsume and deplete such resources (e.g., fisheries, grazing land), leading to a sub-optimal outcome for all.

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