You have been hired by the government of Country X to address current concerns about overfishing of a native fish species (species Y). You are given the following information: There is a persistent problem of low stocks of species Y The fisheries sector is one of the key sectors ensuring food security in Country X Communities that rely on fishing species Y for their livelihoods are persistently poor Currently in Country X anyone can enter the fisheries sector and harvest unlimited quantities of species Y The government of Country X asks you to give a brief report that addresses the following: (22 marks)

Give correct answer with explanation