The table above shows the marginal social benefit of fishing in ...

[mydiamond]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. With no government intervention, the equilibrium quantity of fish caught is ________ tons.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500

[jlaineee]

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Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

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[mydiamond]

Excellent

[jlaineee]

Great! Please up vote

[altibaby]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. The efficient quantity of fish caught is ________ tons.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500

[jharrington11]

200

[jake]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. With no government intervention, the market is
◦ catching the efficient quantity of fish.
◦ underproducing by 100 tons of fish.
◦ underproducing by 300 tons of fish.
◦ overproducing by 300 tons of fish.
◦ overproducing by 200 tons of fish.

[fraziera112]

overproducing by 300 tons of fish.

[jake]

Thank you!

[fraziera112]

Always glad to help...

[xclash]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, to have the efficient quantity of fish caught, the quote should equal ________ tons of fish.
◦ 100
◦ 200
◦ 300
◦ 400
◦ 500

[Sassygurl126]

200

[natalie2426]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government sets a production quota, the profit on the last ton of fish caught is ________ per ton.
◦ $0
◦ $100
◦ $200
◦ $300
◦ $400

[angrybirds13579]

$300

[natalie2426]

TY

[angrybirds13579]

You're welcome

[karlynnae]

Tons of fish	Marginal social benefit (dollars per hour)
100	700
200	600
300	500
400	400
500	300
600	200

The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers, $300 per hour. The marginal social cost is twice the marginal private cost. If the government uses individual transferrable quotas to achieve the efficient outcome, what is the total quantity of fish caught?
◦ 0 tons
◦ 100 tons
◦ 200 tons
◦ 300 tons
◦ 500 tons

[fraziera112]

200 tons