Scientists have said for years cod was so seriously overfished in European Union waters that there was a risk of extinction due to stock collapse. Why would cod be on the risk of extinction?
A) Fishing in the sea for cod is an example of a public good.
B) Fishing in the sea for cod is an example of a common resource.
C) Fishing in the sea for cod is an example of a private good.
D) Fishing in the sea for cod is an example of a natural monopoly.

Question

Quizplus · Accepted Answer

Fishing in the sea for cod is an example of a common resource, which is non-excludable and rivalrous, leading to overfishing and potential depletion of the resource.

Scientists Have Said for Years Cod Was So Seriously Overfished