Which of the following is an example of the tragedy of the commons?
A) overproduction of Saudi Arabian crude oil
B) overregulation of the U.S. steel industry
C) overharvesting of many species of fish
D) U.S. farm subsidies

Question

Quizplus · Accepted Answer

The overharvesting of many species of fish is a classic example of the tragedy of the commons. In this scenario, multiple individuals or groups have access to a shared resource (in this case, fish populations), but lack incentives to conserve it. Instead, they each face incentives to use as much of the resource as possible, leading to overharvesting and depletion of the resource. The tragedy of the commons is a problem that can occur in many different contexts, from the environment to finance to urban planning.

Which of the Following Is an Example of the Tragedy