pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely each of the following reasons except

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter14: Environmental Economics
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A group of college students throw a party for their graduation. They decide that each of them pick a type of
pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely for
each of the following reasons except
O each pizza is both excludable and rival in consumption.
O when one person eats, he may not consider how his choice affects his friends.
O each individual has an incentive to eat as much as possible since no matter how much an individual
eats, it would not cost him extra money.
O eating the pizzas creates an externality.
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Transcribed Image Text:A group of college students throw a party for their graduation. They decide that each of them pick a type of pizza, share all the pizzas and split the total cost evenly. A Tragedy of the Commons problem is likely for each of the following reasons except O each pizza is both excludable and rival in consumption. O when one person eats, he may not consider how his choice affects his friends. O each individual has an incentive to eat as much as possible since no matter how much an individual eats, it would not cost him extra money. O eating the pizzas creates an externality. MacBook Air esc F1 F2 F3 F4 F5 F6 % Q W R Y tab os lock S F త #3
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