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The Tragedy of the Commons Practice Test
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Q1
A coastal town relies on a wild-caught lobster fishery that is open to any licensed boat. As lobster prices rise, each captain adds more traps to maximize their own profit. Within a few seasons, the lobster population drops sharply and total catch per boat declines. Which option best describes what is happening and why?
A coastal town relies on a wild-caught lobster fishery that is open to any licensed boat. As lobster prices rise, each captain adds more traps to maximize their own profit. Within a few seasons, the lobster population drops sharply and total catch per boat declines. Which option best describes what is happening and why?