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QUESTION 9 Figure B (below) shows the free market for Southern Ocean tuna. a) What is the likely quantity of tuna that sher-people catch and

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QUESTION 9 Figure B (below) shows the free market for Southern Ocean tuna. a) What is the likely quantity of tuna that sher-people catch and the likely price of tuna? 2 mark. b) Assuming no government intervention, would there be overshing, and if so, how much? 2 mark. Figure B Price and cost (dollars per tonne) MSC 0 40 80 l20 Quantity (tonnes per month)

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