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a. How does an increase in the price of Bluefin Tuna effect the efficient sustainable yield? Why? (4 points) b. How does an increase in
a. How does an increase in the price of Bluefin Tuna effect the efficient sustainable yield? Why? (4 points)
b. How does an increase in the price of Bluefin Tuna effect the harvest assuming it is an open access fishery? Why? (4 points)
c. Over time technological change has reduced the cost of fishing. How would this effect the efficient sustainable yield? Why? How would this effect effort in an open access fishery? Why? (6 points)
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