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7. A lake in northern Alberta (Slave Lake) is frequently used for recreational fishing. Suppose, the ambient quality of the water has over the past

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7. A lake in northern Alberta (Slave Lake) is frequently used for recreational fishing. Suppose, the ambient quality of the water has over the past years declined and the government plans to initiate steps to improve the quality of water in the lake. Explain how you could use the travel cost method to measure the value of an improvement in water quality for a representative recreational fisher. (Hint: use the concept of consumer surplus to show the increased benefits. Draw graphs and explain

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