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Author Question: The Efficient Use and Maintenance of Common ResourcesThe graph shows the marginal cost (MC), ... (Read 605 times)

heyheyhey

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on: Nov 23, 2022
The Efficient Use and Maintenance of Common Resources

The graph shows the marginal cost (MC), marginal social benefit (MSB), and marginal social cost (MSC) of fishing in a communal pond, a common resource.
 
Assume that P1=$11, P2=$24, P3=$26, P4=$41, Q1=190, and Q2=275. At the market equilibrium, how much overfishing occurs? Suppose 190 individual transferable quotas (ITQs) are issued in the market and individuals can buy and sell the right to fish on the pond. What is the market price of the ITQ?
◦ 190, $15
◦ 190, $17
◦ $85, $17
◦ 85, $15
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by heyheyhey on Nov 23, 2022

fowlerhop@rocketmail.com

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Reply #1 on: Nov 23, 2022
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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heyheyhey

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

tkempin

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Reply 3 on: Yesterday
Excellent

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