Tragedy of the commons is defined as:

A. A technique where people are much more likely to recycle if proper attention is given to psychological factors that promote recycling behavior.
B. A persuasion technique that seeks to change attitudes by making explicit relevant social norms in order to foster compliance.
C. Continuous feedback about energy usage to both consumers and their energy suppliers.
D. A social dilemma in which individuals, each acting in his or her immediate self-interest, overuse a scarce group resource.

The tragedy of the commons refers to the overexploitation of shared resources by self-interested individuals, leading to depletion. Solutions include privatizing commons, monitoring actions, and fostering social solidarity. Resolving this issue is essential for sustainable resource management.

Explanation:

Tragedy of the commons is an economic principle where resources held in common are overexploited by self-interested individuals, ultimately leading to depletion. This concept is exemplified by scenarios like the overfishing of international waters or air pollution caused by individual states prioritizing short-term gains over long-term collective interests.

A solution to the tragedy of the commons can involve privatizing the commons to prevent resource depletion, implementing monitoring and sanctions to deter free-riding behavior, or fostering social solidarity to discourage individuals from exploiting common resources for personal gain.

It is crucial to address collective action problems such as the tragedy of the commons to prevent the degradation of shared resources and ensure sustainable management for the benefit of present and future generations.

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