Which of the following is an example of the tragedy of the
Commons?
A)overproduction of Saudi Arabian crude oil
B)overregulation of the U.S.steel industry
C)overharvesting of many species of fish
D)U.S.farm subsidies

Question

Quizplus · Accepted Answer

Overharvesting of many species of fish is an example of tragedy of the Commons because multiple fishing operations compete for a limited resource (the fish populations in the ocean), leading to overfishing, depletion of fish stocks, and sometimes even the collapse of entire fish populations. The tragedy of the Commons is a situation where individuals or groups prioritize their own interests over the common good, leading to suboptimal outcomes for everyone.

Which of the Following Is an Example of the Tragedy