Question

Web sites like Napster demonstrate that the pursuit of self-interest can lead to a collective disaster when one or more people start to profit from being unethical because this encourages other people to act in the same way. This exemplifies a situation known as the _____.

A. "race to the bottom"

B. "tragedy of the commons"

C. "prisoner's dilemma"

D. "war of attrition"

E. "market for lemons"

Answer

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