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Which one of the following demonstrates the concept of the “tragedy of the commons”?Competing companies log as many trees as possible for financial gain until no trees are leftPublic forest land is sold to a privately-owned investor groupLogging forests is dangerous work and ends up killing or injuring many workersA careless hiker accidentally starts a wildfire that destroys hundreds of acres of forestGovernment regulations lead to conditions that increase the risk of forest fire on public lands

Question

Which one of the following demonstrates the concept of the “tragedy of the commons”?Competing companies log as many trees as possible for financial gain until no trees are leftPublic forest land is sold to a privately-owned investor groupLogging forests is dangerous work and ends up killing or injuring many workersA careless hiker accidentally starts a wildfire that destroys hundreds of acres of forestGovernment regulations lead to conditions that increase the risk of forest fire on public lands

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Solution

The concept of the "tragedy of the commons" is demonstrated by the first option: "Competing companies log as many trees as possible for financial gain until no trees are left".

This concept refers to the situation in which individuals, acting independently and rationally according to each one's self-interest, behave contrary to the best interests of the whole group by depleting some common resource. In this case, the common resource being depleted is the forest, and the individuals acting in their own self-interest are the competing logging companies.

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