Question
2) (10 points) Distributional Issues There is a proposal to conserve a particular wildlife species. Economists are concerned about distributional issues that will result from
2) (10 points) Distributional Issues There is a proposal to conserve a particular wildlife species. Economists are concerned about distributional issues that will result from conservation efforts. In this case, there are two groups. One group bears more of the benefits of the conservation efforts. Both will bear the costs equally. Use the following terminology to describe each group: Group 1 (high benefits) Group 2 (low benefits) A. Graph the situation described above. Title the graph "Efficiency with Distributional Issues". B. Indicate the efficient quantity of conservation according to each group. C. What is one economic solution to the distributional issue listed above?
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