2. Suppose that the fishery example discussed in the chapter was not a common property resource but...
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2. Suppose that the fishery example discussed in the chapter was not a common property resource but a fishery in a lake owned by an individual or a single firm.
The owner could choose to allow fishing and charge a fee for access to the lake.
How would the economic logic differ from the common property resource case?
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Related Book For
Environmental And Natural Resource Economics A Contemporary Approach
ISBN: 9780367531386
5th Edition
Authors: Jonathan M. Harris, Brian Roach
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