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Assume that as long as no more than one fisherman fishes intensively, there are enough fish...

Assume that as long as no more than one fisherman fishes intensively, there are enough fish to restock the lake. However, if two or more fish intensively, the lake will become useless in the future. Of course, fishing intensively earns a fisherman more money and greater profit because he can sell more fish.

The lake is an example of   because the fish in the lake are   and   .

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Answer #1

Lake is an example of common resource because fishes in the lake are rival and non-excludable in nature.

Explanation:

A common resource is a resource that provides users with tangible benefits. Some of examples of common resources include fishing grounds, forests, water, etc. common resources face problems of congestion or overuse, because they are rival. Common resources are rival goods because one person's use of the common resource reduces other people's use. Common resources are also non-excludable.

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