medium · LSAT Reading Comprehension

The 'tragedy of the commons' describes a situation where individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting a shared resource. For example, if several herders share a common pasture, each herder has an incentive to add more cattle to their herd, as they receive the full benefit of each additional animal while the cost of overgrazing is shared by all. Eventually, this leads to the destruction of the pasture. While traditional solutions focus on either government regulation or private property rights, some political scientists point to the success of community-managed resources. In these cases, local users develop their own rules and monitoring systems to ensure the resource is used sustainably. This 'third way' suggests that humans are not inevitably destined to destroy shared resources and that social trust and local knowledge can be effective tools for environmental management. However, these community systems are often vulnerable to external pressures, such as large-scale market expansion or state intervention. Therefore, protecting the commons requires a recognition of the diverse ways that communities can manage shared resources effectively.

Which one of the following most accurately expresses the main point of the passage?

  1. Beyond state regulation and private ownership, communities can sustain shared resources through their own rules and mutual trust.
  2. Herders grazing shared pastures are the leading source of worldwide environmental degradation and resource depletion.
  3. Local communities invariably outperform government agencies at managing large-scale environmental resources.
  4. The tragedy of the commons is an inescapable feature of human nature, curable only by establishing private property rights.
  5. Community-managed resource systems are frequently vulnerable to outside pressures such as market expansion and state intervention.

Sign up free to see the explanation and track your rank →

More LSAT Reading Comprehension practice

KomFi Academy — Stop doomscrolling. Get KomFi.

Build your intelligence, anytime, anywhere.

KomFi Academy is a curated training platform with 46,000+ practice questions, 20,000+ flashcards, on-demand video lectures, podcasts, and 4K slide decks across the topics serious professionals study: GMAT, LSAT, MCAT, Investment Banking, Private Equity (LBOs & PE math), Private Credit, Quantitative Finance, Financial Accounting, Asset- Backed Securities, Volume Profile Analysis, Order Flow Trading, Market Microstructure, Volume Spread Analysis, Elliott Wave Theory, Volume-Price Analysis, and Public Offering Frameworks.

What's inside

Topics

View pricing · Read testimonials