Attempts Average / 3 6. Common resources and the tragedy of the commons Darnell, Jacques, and Musashi are fishermen who live next to a take that is open to fishing; in other words, anyone is free to use the lake for fishing. Assume that these men are the only three fishermen who fish in this take and that the lake is large enough for all three fishermen to fish intensively at the same time. Each year, the fishermen choose independently how many fish to catch; specifically, they choose whether to fish intensively (that is, to place several fthing lines in the water for long periods of time, which hurts the sustainability of the take it enough people do it) or to fish nonintensivery (which doet not hurt the sustainability of the lake). None of them has the ability to control how much the others fish, and each flisherman cares only about his own profitability and not about the state of the lake. Assume that as long as no more than one fisherman fishes Intensively, there are enough fish to restock the lake. However, two or more fish Intensively, the lake will become useless in the future. Of course, fishing intensively earns a fisherman more money and greater profit because he can sell more fish The lake is an example of because the fish in the lake are and Depending on whether Jacques and Musash, both choose to fish other nonintensively or intensively, nur in Darnel's profit=maximizing response in the following table, given Jacques and Musashi's actions. Jacques and Musashi's Actions Fish Nonintensively Fish Intensively Darnell's Profit-Maximizing Response Which of the following solutions could ensure that the lake is sustainable in the long run, assuming that the regulation is enforonable? Check all done apply. Develop a program that entices more fishermen to move to the area. Outlaw intensive fishing Convert the lake to private property, and allow the owner to tell fishing rights bar Grade it Now Save & Continue Continue without sing Attempts Average / 3 6. Common resources and the tragedy of the commons Darnell, Jacques, and Musashi are fishermen who live next to a take that is open to fishing; in other words, anyone is free to use the lake for fishing. Assume that these men are the only three fishermen who fish in this take and that the lake is large enough for all three fishermen to fish intensively at the same time. Each year, the fishermen choose independently how many fish to catch; specifically, they choose whether to fish intensively (that is, to place several fthing lines in the water for long periods of time, which hurts the sustainability of the take it enough people do it) or to fish nonintensivery (which doet not hurt the sustainability of the lake). None of them has the ability to control how much the others fish, and each flisherman cares only about his own profitability and not about the state of the lake. Assume that as long as no more than one fisherman fishes Intensively, there are enough fish to restock the lake. However, two or more fish Intensively, the lake will become useless in the future. Of course, fishing intensively earns a fisherman more money and greater profit because he can sell more fish The lake is an example of because the fish in the lake are and Depending on whether Jacques and Musash, both choose to fish other nonintensively or intensively, nur in Darnel's profit=maximizing response in the following table, given Jacques and Musashi's actions. Jacques and Musashi's Actions Fish Nonintensively Fish Intensively Darnell's Profit-Maximizing Response Which of the following solutions could ensure that the lake is sustainable in the long run, assuming that the regulation is enforonable? Check all done apply. Develop a program that entices more fishermen to move to the area. Outlaw intensive fishing Convert the lake to private property, and allow the owner to tell fishing rights bar Grade it Now Save & Continue Continue without sing