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The North Atlantic cod fisheries, once one of the world's greatest fish populations, was functionally destroyed by a free-for-all of unregulated fishing by fleets of many nations. This is a classic example of Blank______.Multiple choice question.the tragedy of the commonsthe managing of the commonssustainable management

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The North Atlantic cod fisheries, once one of the world's greatest fish populations, was functionally destroyed by a free-for-all of unregulated fishing by fleets of many nations. This is a classic example of Blank______.Multiple choice question.the tragedy of the commonsthe managing of the commonssustainable management

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Solution

The correct answer is "the tragedy of the commons". This term refers to a situation in a shared-resource system where individual users, acting independently according to their own self-interest, behave contrary to the common good of all users by depleting or spoiling the shared resource through their collective action. In this case, the North Atlantic cod fisheries were overfished to the point of destruction, which is a classic example of this phenomenon.

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