-The Table Above Shows the Marginal Social Benefit of Fishing

question 69

Multiple Choice

-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.

• A) 100
• B) 200
• C) 300
• D) 400
• E) 500

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Definitions:

Avoiding

A conflict management style characterized by low assertiveness of one’s own interests and low cooperation with the other party.

Constructive Conflict

Conflict for which the benefits outweigh the costs.

Distributive Conflict

Dispute arising from perceived or actual competition over limited resources, involving conflicting interests or goals.

Integrative Conflict

A conflict resolution approach that involves finding solutions that satisfy the needs and interests of all parties involved.