Audit Finds Canada's Fisheries in Decline, Says Response Lacks Urgency An annual audit of Canada's fisheries shows a decline in the number of healthy fish stocks and warns they will continue to suffer without gov- crnment action. Source: globalnews.ca, November 13, 2019

a. Explain the tragedy of the commons described in this news clip.

b. How might this tragedy of the commons have been avoided? Use a graph to illustrate your answer. Economics in the News