One economic example of prisoner's dilemma is overuse of a common resource like an oil-deposit.

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In a situation where multiple parties have access to a shared resource, such as an oil-deposit, each party has an incentive to extract as much as possible to maximize their own profits. However, this leads to overuse and depletion of the resource, ultimately harming all parties involved. This is a classic example of prisoner's dilemma in economics.

One Economic Example of Prisoner's Dilemma Is Overuse of a Common