Assignment:
The North Sea fishing industry has been devastated in recent years because of overfishing. Tens of thousands of jobs have been lost in Scotland as quotas have been cut drastically in an attempt to save fish such as cod, haddock, and whiting from extinction. How is overfishing an example of market failure? Give an example of how each of the four remedies for market failure might be applied to the case of overfishing.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.