שאלה | What is the meaning of the term 'the tragedy of the commons'?

What is the meaning of the term 'the tragedy of the commons'?

		Common properties such as the environment that are commonly managed by governmental agencies are inefficient
		Common properties such as the environment that are not owned by anyone will lead to a stage in which everyone will try to reap the maximum benefits from them, without considering their limits
		Common properties should not be managed
		Common properties such as the environment that are managed by small communities may collapse