The figure below shows the benefits and costs of harvesting fish at a fishery. Answer the questions below: Total cost with tax Benefits and costs of fishing effort Total cost without tax 200 180 170 100 60 Total benefits 10 17 20 Fishing Effort [hours)First, assume that the fishery is managed as a common pool resource and there is no well-defined property rights for the fishery. Furthermore, there is no tax on effort. What is the amount of fishing effort spent on harvesting the fish? hours What is the net benefit of harvesting the fish under the common pool scenario? $Next, assume that there is a tax equal to $20 per unit of effort. What is the level of effort under the tax policy? $ Is this amount of effort efficient? (Yes/No) What is the amount of tax that fishermen pay under this policy? $ What is the net benefit of this policy excluding the tax payment? $