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AP Microeconomics
Unit 6 – Market Failure and the Role of Government
Topic 6.3
What is the tragedy of the commons?
The inefficiency of market allocation for private goods.
The overproduction of public goods by the government.
The overconsumption and depletion of common resources due to individual self-interest.
The inability of individuals to access club goods.
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AP Microeconomics - 6.3 Public and Private Goods
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Tragedy of the commons
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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