Question 1 is not b, Question 4 is not a, Question 5 is not a.

Please help, thanks.

What is the tragedvr of the commons? Choose the best answer When resources are scarce, each individual has the incentive to use a common resource so that the benet of using the resource goes onlvr the individual but the cost of using the resource falls on evervone resulting in over use of the common resource.' People are alwavs too greedvr and horde too much of common pro pertv The tragedv happens when government intervenes in the market which should be regulated voluntarilv None of the answers are correct \fl[Slur polluted oceans are an example of an overused resource, why are they still a huge dumping ground in our lifetime? No one owns the oceans so no one has 'auth oritv' over its use. The ocean is verilr hard to monitor and too expensive to protect propertv rights. The cost of doing something [one hears the whole cost] is greater than the benet {small communized benet}. Individuals are verv present oriented [hvperbolic discounting} and since impacts of ocean pollution affect us in the future. we do not value that cost much today. All of the answers are correct