5. Common resources versus private goods BB Spring is here, and Darell and his unde would like to go fishing for the weekend in Vermont, Dame could either go to the take in town where anyone can ish without a permitor he could drive up to spend located on his foly's property in the countryside to fish. Assume that no matter where people fish, or of the fish that are caught would be kept (that is, there is no catch and release policy), PRIVATE PROPERTY The fish in the private pond are considered and whereas the fish in the face are and . In other words, the fish in the private pond are an example of and the fish in the lake are an example of Fishing in the lake will likely lead because of which of the following reasons? All fishermen will choose to fish in the lake because of the Smited access to the pond. Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the lake. Al fishermen will choose to fish in the pond believing that there are more fish there. Anyone can fish in the lake, and one person's fishing activity decreases the ability of someone else to fish with success