a. In the typical economic model of an efficient fishery, would a fall in the price of
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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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Environmental And Natural Resource Economics
ISBN: 978-1138632295
11th Edition
Authors: Tom Tietenberg ,Lynne Lewis
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