Which of the following goods is most likely to be overconsumed?
A)Fish in the ocean
B)Chickens on a farm
C)Horses on a ranch
D)None of these is likely to be overconsumed.

Question

Quizplus · Accepted Answer

Fish in the ocean are a common example of a good that is likely to be overconsumed due to the tragedy of the commons. Since no one owns the ocean, individuals and companies can take as much fish as they want, leading to depletion of fish populations and potential ecosystem collapse. Chickens on a farm and horses on a ranch, on the other hand, are owned and managed resources that are less likely to be overconsumed.

Which of the Following Goods Is Most Likely to Be