Open-access goods versus private goods:

The fish in the river are considered ' and W, whereas the fish in the private stream are considered and W . In other words, the fish in the river are an example of w , and the fish in the private stream are an example of v The fish in the river are considered and , whereas the fish in the private stream are considered . In other words, the fish in the river are an example of rival in consumption e stream are an example of nonrival in consumptionThe fish in the river are considered * and w , whereas the fish in the private stream are e fish in the river are an example considered and w . In of W, and the fish in the private stream - of v nonexclusive The fish in the river are considered and w , whereas the fish in the private stream are considered v and . In other words, the fish in the river are an example nonrival in consumption of and the fish in the private stream are an example of v o, rival in consumption The fish in the river are considered w and W, whereas the fish in the private stream are considered and . In other words, the fish in the river are an example of , and the fis stream are an example of v o, nonexclusive exclusive The fish in the river are considered v and v, whereas the fish in the private stream are considered w and w ., In other words, the fish in the river are an example of w and the fish in the private stream are an example of b a public good a private good a natural monopoly good an open-access good The fish in the river are considered and W, whereas the fish in the private stream are considered ' and . In other words, the fish in the river are an example of W, and the fish in the private stream are an example of v a public good an open-access good a natural monopoly good a private good Fishing in the river will likely lead to because of which of the following reasons? a natural monopoly the common-pool problem moral hazardAnyone can fish in the river, and as long as the marginal benefit of catching more fish exceeds the marginal cost, fishermen have little regard for the effects of their catch on the sustainability of fishing stocks. All fishermen will choose to fish in the river because of the limited access to the stream. Nobody will enjoy fishing because of the lack of private contributions to the maintenance of the river. All fishermen will choose to fish in the stream believing that there are more fish there. Spring is here, and Latasha and her brother would like to go fishing for the weekend in Vermont. Latasha could either go to the river in town where anyone can fish without a permit, or she could drive up to a stream located on her family's property in the countryside to fish. Assume that, no matter where people fish, all of the fish that are caught would be kept (that is, there is no "catch and release" policy). PRIVATE - PROPERTY