what-does-the-graph-of-social-cost-versus-private-cost-in-the-tragedy-of-the-com

Question

What does the graph of social cost versus private cost in the tragedy of the commons illustrate?

Accepted Answer

The market produces more than the socially optimal quantity.

Answer

The market produces the socially optimal quantity.

Answer

The market produces less than the socially optimal quantity.

Answer

The market does not produce any quantity.