Timothy Taylor, in the textbook, said, "The property rights approach to environmental issues often becomes highly relevant in cases involving endangered species."One species conservation concern in West Texas involves the Dunes Sagebrush Lizard,which lives in parts of the Permian Basin in areas with lots of oil and gas development.(It is not listed as an endangered species by the U.S.Fish and Wildlife Agency,but it is a species considered at risk.)

Describe your choice of two different regulatory approaches that could be taken to protect the lizard, then explain which of the two approaches you expect to work better and why.