Why would a fall in the price of fish generally result


Problem

a. In the typical economic model of an efficient fishery would a fall in the price of fish generally result in a larger or a smaller sustainable harvest? Why?

b. Suppose the fishery allowed free access. Would a fall in the price of fish generally result in a larger or a smaller harvest? Why?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why would a fall in the price of fish generally result
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