Question: Write down every question number and every step. Thank you! QUESTION 1 1. Give an example of an open access resource. Explain why you consider

Write down every question number and every step. Thank you!

QUESTION 1 1. Give an example of an open access resource. Explain why you consider it open access. 2. Explain why we may observe over-exploitation of open access resources. 3. Propose a way to manage the resource to overcome this problem. Explain why your solution overcomes the issues you identified in part 2. 4. Can open access resources be managed successfully without government intervention? Give a brief reason based on our discussion in class

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