Please Help!

6. Common resources and the tragedy of the commons Edison, Kevin, and Rajiv are crabbers who live next to a ocean that is open to crabblng: in other words, anvone is free to use the ocean for crabbing. Assume that these men are the only three crabbers who crab fish in this ocean and that the ocean is large enough for all three crabbers to crab fish intensively at the same time. Each year, the crabbers choose independently how many crabs to catch; specifically, they choose whether to crab fish intensively (that is, to blace several crab traps in the water for long stretches of time, which hurts the sustainabiity of the ocean if enough people do it) or to crab fish nonintenslvely (which doos not burt the sustainability of the ocean). None of theme has the ability to control how much the others crab fish, and each Uabber cares only about his own protitability and not about the state of the ocean. Assume that as long as no more than one crabber crab fishes intensively, there are enough crabs to restock the ocean. liowever, if two or more crab fish intenstvely, the ocean wis become useless in the future. Of course, crabbing intensively earns a crabber more moner and greater profit because be can sell more crabs. The ocean is an example of because the crabs in the ocean ace Degending on whether kev to crab fish ecther nonintensively or igiegshwy, fill in Eorsonis orovitmaximceing resocnse in the following table, ghene kevi unply: Conveit the oce an to privete aropertyi and albw the omner to seit crabbog nohts Outiaw intensive crabbirig Common resources and the tragedy of the commons dison, Kevin, and Rajiv are crabbers who live next to a ocean that is open to crabbing; in other words, anyone is free to use the ocean for crabbing: ssume that these men are the only three crabbers who crab fish in this ocean and that the ocean is large enough for all three crabbers to crab fish intensiyely at the same time. Each year, the crabbers choose independently how many crabs to catch; specifically, they choose whether to crab fish intenisively (that is, to place several crab traps in the water for long stretches of time, which hurts the sustainability of the ocean if enough people do it) or to crab fish nonintensively (which does not hurt the sustainability of the ocean). None of them has the ability to controf how much the others crab fish, and each crabber cares only about his own profitability and not about the state of the ocean. Assume that as long as no more than one crabber crab fishes intensively, there are enough crabs to restock the ocean. However, if two or more crab fish intensively, the ocean will become useless in the future. of course, crabbing intendvely earns a crabber more money and greater profit because he can sell more crabs. The ocean is an example of because the crabs in the ocesa are Depending on whether Kevin and Rajv both choose to crab fish ether nonintensively or intenswely, ful in Folson's profit-maximiting aesoonse in the foliowng table, given Kevn and Rajiv's actions. Which of the following solutions could ensure that the ocean is sustainable in the long run, assuming that the regulation is enforceable? check alt chat noghe Convert the ocean to private property, and allow the owner to sell crabbing riohts: outaw iatensive cratulipa. Common resources and the tragedy of the commons iison, Kevin, and Rafj are crabbers who live next to a ocean that is open to crabbing; in other words, anyone is free to use the ocean for crabbing. sume that these men are the only three crabbers who crab fish in this ocean and that the ocean is large enough for all three crabbers to crab fish tensively at the same time. ach year, the crabbers choose independently how many cabs to catch; specilically, they choose whether to crab fish intensively (that is, to mace everal crab traps in the water for long stretches of time, which hurts the sustainablity of the ocean if enough people do it) or to crab fish onintensively (which does not hurt the sustainability of the ocean). None of them has the ability to control how much the others crab fish, and each rabber cares only about his own profitablitity and not about the state of the ocean. Esume that as long as no more than one crabber crab fishes intensively, there are eneugh crabs to restock the ocean. However, if two or more crab ish intensively, the ocean will become useless in the future. Of course, crabbing intensively earns a crabber more money and oreater profit because he can seli more crabs. The ocean is an example of beciuse the crabs in the ocean are Depending on whether kevin and Aayry both choose to crab fish ether nonintensively or intensivelt, ful in fodson's profir-maximieng response in the. following table, orven kevin and Aavid actions. Which of the following solutions could ensure that the oxran is sustainable in the long run, assuming that the regulation is entorceable7 check an that apply, Convert the ocean to private property, and allow the owner to sell crabbing rights. Oudaw intensive crabbing Edison, Kevin, and Rajiv are crabbers who live next to a ocean that is open to crabbing; in other words, anyone is free to use the ocean for crabb: Assume that these men are the only three crabbers who crab fish in this ocean and that the ocean is large enough for all three crabbers to crab fi intensively at the same time. Each year, the crabbers choose independently how many crabs to catch; specifically, they choose whether to crab fish intensively (that is, to place several crab traps in the water for long stretches of time; which hurts the sustainability of the ocean if enough people do it) or to crab fish nonintensively (which does not hurt the sustainability of the ocean). None of them has the ability to control how much the others crab fish, and eac crabber cares only about his own profitability and not about the state of the ocean. Assume that as long as no more than one crabber crab fishes intensively, there are enough crabs to restock the ocean. However, if two or more crab fish intensively, the ocean will become useless in the future. Of course, crabbing intensively eams a crabber more money and greater profit because he can sell more crabs. The ocean is an example of because the crabs in the ocean are following table, given Kevin and Raiv's actions. apoly. nable in the long run, assuming that the reoulation is enforceabie? check all thar Convert the ocean to private property, and allow the owner to sell cabbing rights. Outaw inteneive crabbing. Develop a probram that entices more crabbers to move to the area. dison, Kevin, and Rajiv are crabbers who live next to a ocean that is open to crabbing; in other words, anyone is free to use the ocean for crabbing. issume that these men are the only three crabbers who crab fish in this ocean and that the ocean is large enough for all three crabbers to crab fish ntensively at the same time. Each year, the crabbers choose independently how many crabs to catch; specifically, they choose whether to crab fish intensively (that is, to place several crab traps in the water for lono stretches of time, which hurts the sustainability of the ocean if enough people do it) or to crab fish nonintensively (which does not hurt the sustainability of the ocean). None of them has the ability to control how much the others crab fish, and each crabber cares only about his own profitability and not about the state of the ocean. Assume that as long as no more than one crabber crab fishes intensively, there are enough crabs to restock the ocean. However, if two or more crab fish intensively, the ocean will become useless in the future. of course, crabbing intensively earns a crabber more moncy and greater profit because he can sell more crabs: The ocean is an example of because the crabs in the ocean are Depending on whether Kevin and Rajiv both choose to crab fish ether nonintenswely or intensively, Alf in Edison's profit-maximizing resporise in the following table, gtven kevn and Rajiv's actions. Which of the following solutions could ensure that the ocean is sustainable in t the regulation is enforceable? Check all that apply. Comvers the ocean to private propecty, and allow the owner to sell crabbing rights. Outiaw intemive crabbing: Devetos a program that entices more crabbers to move to the area