Overfishing occurs if, at the quantity caught, ________. A. Marginal social cost equals marginal private cost plus
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Overfishing occurs if, at the quantity caught, ________.
A. Marginal social cost equals marginal private cost plus marginal external cost
B. Marginal social benefit equals the fishers’ marginal private cost
C. Marginal social benefit equals marginal social cost
D. Marginal social benefit equals marginal private cost plus marginal external cost
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