When individual fishing boats harvest more fish each year in order to maximize profits while, as a result, threatening the fish population with extinction, it is called:

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Quizplus · Accepted Answer

The scenario described is an example of the tragedy of the commons, where individual self-interest leads to the depletion or degradation of a shared resource, in this case, the fish population. This phenomenon often occurs when there is a lack of regulation or ownership of the resource.

When Individual Fishing Boats Harvest More Fish Each Year in Order