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Tragedy of the Commons : The tendency of individual incentives not to align with the maintenance needs of shared, nonexcludable resources, causing those resources

Tragedy of the Commons: The tendency of individual incentives not to align with the maintenance needs of shared, nonexcludable resources, causing those resources to be overused and undermaintained. This is from the video “Tragedy of the Commons” in the Principles of Microeconomics course.

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