a. In the typical economic model of an efficient fishery would a fall in the price of

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a. In the typical economic model of an efficient fishery would a fall in the price of fish generally result in a larger or a smaller sustainable harvest?

Why?

b. Suppose the fishery allowed free access. Would a fall in the price of fish generally result in a larger or a smaller harvest? Why?

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Environmental And Natural Resources Economics

ISBN: 9780131392571

9th Edition

Authors: Tom Tietenberg

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Question Posted: Feb 11, 2024 03:00 PM

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a. In the typical economic model of an efficient fishery would a fall in the price of

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a In answering this question remember that the benefits are defined as price times the quantity of f...View the full answer

Environmental And Natural Resources Economics

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