Individual fishing boats may harvest more fish each year in order to maximize profits while, as a result, threatening the fish population with extinction. This is an example of

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The scenario described here is an example of the tragedy of the commons, which is a situation where individuals use a shared resource (in this case, a fish population) in their own self-interest without considering the long-term consequences for the resource or other users. As each individual fishing boat tries to maximize its catch, they collectively contribute to overfishing, which can ultimately cause the fish population to collapse. This is a common problem in fisheries around the world and highlights the need for sustainable fishing practices and regulation to ensure the continued viability of fish populations.

Individual Fishing Boats May Harvest More Fish Each Year in Order