Question
Suppose that the fishery example discussed in the chapter was not a common property resource but a fishery in a lake owned by an individual
Suppose that the fishery example discussed in the chapter was not a common property resource but a fishery in a lake owned by an individual or a single firm. The owner could choose to allow fishing and charge a fee for access to the lake. How would the economic logic differ from the common property resource case?
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Managerial Economics
Authors: Mark Hirschey
14th edition
9781473709263, 1473709261, 1473717343, 1473717345, 978-1305506381
