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Homework (Ch 11 Darnell , Jacques, and Musashi are fishermen who live next to a lake that is open to fishing; in other words, anyone

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Homework (Ch 11 Darnell , Jacques, and Musashi are fishermen who live next to a lake 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 lake 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 catcht specifically, they choose whether to fish intensively (that is, to place several Fishing lines in the water for long periods of time, which hurts the sustainability of the lake it enough people do it) or to fish nonintensively (which does not hurt the sustainability of the lake). None of them has the ability to control how much the others lish, and each fisherman 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, if 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 Hear Dibanding de whether Jacquee and Musashy both choose to post other nomiestensively or internet, in Darrers artimawang response to the following ven accesand Mathis action Jacques and Musashi's Actions Fish Nonintensively Tish Intensively PRE Homework (Ch 11) The lake is an example of because the fish in the lake are and Depending on whether Jacques and Musash both choose to lisheither nonintensively or intensivery, fill in Darnel's profit maximizing response in the following table, given acques and Musashi's actions Jacques and Musashi's Actions Fish Nonintensively Fish Intensively Damell's Profit-Maximizing Response Which of the following solution could ewure that the lake is sustainable in the long run, assuming that the reputation is forceable? Check all that apo . (1) Ouvelop a program that entoe more fishermen to move to the area Gear Outlaw intensive rishing Convert the privatperty, will allow the owner to sell hin vinte Grado It Now Save & Continue o hop

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