f. Suppose the government privatized the lake and allowed the owners to charge per-net fees. The owner

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f. Suppose the government privatized the lake and allowed the owners to charge per-net fees.

The owner might do the following: First, calculate the maximum profit (not counting the rental value of the lake) he or she would be able to make by simply fishing the lake him or herself with the optimal number of nets, then set the fee per net at this profit divided by the number of nets he or she would have used. What per-net fee does this imply?

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