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Multiple Choice

A small coastal town's economy depends on a shared fishing ground. Each fishing boat captain, acting independently, decides how many fish to catch. While each captain benefits personally from a larger haul, if all captains maximize their individual catch, the fish population will collapse, harming the entire community's livelihood in the long run. The town council is considering several proposals to address this issue. Which of the following proposals is LEAST likely to be effective in resolving this situation, and why?

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Updated 2025-08-27

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