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Q. Common Resource A good is a common resource if it is non excludable but rival. Tragedy of Commons Tragedy of Commons- re was town in medieval age that had a grazing land called ‘Town Common.' This grazing land was for whole town and families could allow their flock of sheep to graze free of charge. Why is it that grazing land was not protected by individual families?

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Business Economics, Economics

Category:- Business Economics
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