Given below are two statements, one labeled as Assertion (A) and the other as Reason (R): Assertion (A): According to Hardin's 'Tragedy of the Commons' model, open-access resources are overexploited by the public. Reason (R): In the case of open-access resource usage, marginal private benefit exceeds marginal private cost. In light of the above statements, choose the correct answer from the options given below:

Question

Economics · Environmental Economics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

Both A and R are true, but R is NOT the correct explanation of A

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Environmental Economics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Environmental Economics

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Answer 1

Both A and R are true, but R is NOT the correct explanation of A

Answer 2

Both A and R are true, and R is the correct explanation of A

Answer 3

A is true, but R is false

Answer 4

A is false, but R is true

Related Practice Questions