What are three ways to address the tragedy of the commons? (select 3) Select 3 correct answer(s) Private Goods Cultural Norms Creating Property Rights Common Goods Command and Control Forced Riders Free Riders
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The Deep Dive
One effective way to address the tragedy of the commons is by establishing property rights. When individuals or entities have ownership of resources, they're more likely to manage those resources sustainably, as their investment depends on its longevity. This approach encourages responsible use and maintenance, reducing overexploitation and waste. Another critical method is the implementation of cultural norms that promote conservation. When communities collectively agree on and adopt norms that value sustainability, it can lead to a greater sense of responsibility among individuals. This social pressure can discourage behaviors like overconsumption and free riding, fostering a cooperative spirit in resource management.