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Consider a proposal to privatize street lighting. This would ( A - be feasible, B - not be feasible, C - be feasible and likely) because street lighting is ( A - rival, B - nonexcludable, C - not rival, D - excludable)
Based on your answer above, street lighting suffers from a tragedy of the commons problem
Answer - True or False?

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namrata421

An economic issue of excessive consumption, underinvestment, and ultimately resource depletion is known as the tragedy of the commons.

Which of the following options does not often address the tragedy of the commons?

Financing the usage of the resource The tragedy of the commons occurs when people misuse a resource because they are compelled to grab as much as they can now without considering the resource's sustainability.

What is the tragedy of the commons' primary issue?

The tragedy of the commons is an economic issue that arises when people put their own interests ahead of the welfare of society. This results in excessive consumption, which eventually depletes the resource shared by everyone.

To know more about tragedy visit:-

https://brainly.com/question/1327439

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