5. a. In the typical economic model of an efficient fishery, would a fall in the price...
Question:
5.
a. In the typical economic model of an efficient fishery, would a fall in the price of fish generally result in a larger or a smaller sustainable harvest?
Why?
b. Suppose the fishery allowed free access. Would a fall in the price of fish generally result in a larger or a smaller harvest? Why?
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Related Book For 
Environmental And Natural Resource Economics
ISBN: 9781315523965
10th Edition
Authors: Thomas H Tietenberg, Lynne Lewis
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