Excessive fishing occurs because
A)each individual fisherman has little incentive to maintain the species for the next year.
B)fishermen rely on government managers to worry about fish populations.
C)fishermen are unionized, so they are not concerned with externalities.
D)fishermen have other marketable skills and do not fear exploitation of fish reserves.

Question

Quizplus · Accepted Answer

Excessive fishing occurs because each individual fisherman has little incentive to maintain the species for the next year. Fishermen are motivated to catch as much fish as possible in a given season, which leads to overfishing and dwindling fish populations. This is because the fisherman tends to operate under self-interest, focusing on the short-term gains at the expense of long-term interests such as maintaining the stock of fish in the water body.

Excessive Fishing Occurs Because