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Author Question: The table above shows the marginal social benefit of fishing in Mediterranean Sea. The marginal priv (Read 207 times)

mydiamond

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Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

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


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Marked as best answer by mydiamond on May 24, 2019

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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altibaby

  • Hero Member
  • *****
  • Posts: 562

Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

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




jake

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  • *****
  • Posts: 538

Tons of fishMarginal social benefit
(dollars per hour)
100700
200600
300500
400400
500300
600200

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

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