c. Suppose instead that the lake is auctioned off to someone who then charges per-net fees to

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c. Suppose instead that the lake is auctioned off to someone who then charges per-net fees to fishers who would like to fish on the lake (as in A

(e) of exercise 21.6). How do you think the fees charged by a profit-maximizing lake owner compare to the optimal Pigouvian tax?

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