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The '''problem of the commons''' (also called the '''tragedy of the commons''') refers to how publicly available resources (the commons) are shared and used by firms. If too many firms share the commons, the commons can be degraded or destroyed, which results in little to no benefit to any of the firms involved.
The '''tragedy of the commons''' (also called the '''problem of the commons''') refers to how publicly available resources (the commons) are shared and used by firms. If too many firms share the commons, the commons can be degraded or destroyed, which results in little to no benefit to any of the firms involved.
==Examples==
==Examples==