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The tragedy of the commons occurs when individuals, acting in their own self-interest, over-exploit a shared resource, ultimately depleting or degrading it for everyone. A classic example is overfishing in oceans; fishermen may catch as many fish as possible to maximize their profit, but if all fishermen do this, the fish population can collapse, harming both the ecosystem and the livelihoods of those who rely on it. This situation illustrates the conflict between individual interests and collective well-being.
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