Explain the structure of a tragedy of the commons . Make sure you explain why it remains rational to cheat even when one knows that enough people cheating will result in catastrophe. Then explain 2 measures by which the villagers in the overfishing example can escape their tragedy of the commons.
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To answer the question in this assignment, you will need to synthesize in your own words material covered in the lectures and do some independent thought which goes beyond the material in the lectures. You will not be able to successfully complete the assignment without reading / watching the course materials (probably several times as you work on this).
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