=+increase in the relative world price for fish, a. Show how the overfishing problem can result in

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=+increase in the relative world price for fish,

a. Show how the overfishing problem can result in a decline in welfare for Norway.

b. Also show how it is possible that the overfishing problem could result in an increase in welfare for Norway.

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International Economics

ISBN: 9780132146654

9th Edition

Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz

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