The theory that explains this scenario is the tragedy of the commons theory.
<h3>What is the tragedy of the common theory?</h3>
It is an economic theory that explains how individual gains create a general problem in society at large.
When individuals pursue personal gains even at the expense of creating a general problem in society, it results in the tragedy of the common.
Indiscriminate dumping of garbage in the ocean by countries results in a general problem that affects the entire world vis a vis the collapse of many fishing industries.
Fishes represent a source of protein for man all over the world.
More on the tragedy of the commons can be found here: brainly.com/question/9680058
#SPJ1
