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Question 3 1 try left Why does an individual transferable quota avoid the tragedy of the commons? It avoids the tragedy of the commons because A. the opportunity cost of fishing decreases B. each fisher receives the marginal social benefit from fishing C. each fisher's catch is based on the marginal social cost of fishing O D. the market price of fish rises and demand decreases Try again. How does an individual transferable quota (ITQ) change the fisher's opportunity cost of fishing? Submit - of 3 points Question 5 3 tries left The graph shows the relationship between the number of sheep that graze on a plot of land and the amount of wool produced. Sustainable wool production (bales per year) 110 100- What is the maximum sustainable output, and how many sheep produce this output? The maximum sustainable output is Type bales per year, which sheep produce Question 2 of 5 Question 2 3 tries left The graph shows the market for fish. Draw a line to show the production quota that results in an efficient quantity of fish and label it. > >> Draw only the objects specified in the question. Price and cost (dollars per pound) 25 MSC 20- MC MISB 100 200 300 500 Quantity (thousands of tons per year) Select Line