The fish in the ocean are an example of:
A) a public good
B) a common resource
C) a private good
D) none of the above

Question

Quizplus · Accepted Answer

The fish in the ocean are a common resource as they are available for everyone to catch and consume, but their quantity is limited and their use by one person reduces the availability for others. This creates a "tragedy of the commons" where individuals have an incentive to overuse the resource, leading to depletion.

The Fish in the Ocean Are an Example Of