Consider the Stock of Ocean Tuna Which Is Massively Overfished

question 9

Multiple Choice

Consider the stock of ocean tuna which is massively overfished.It is rational for an individual to exploit the resource rather than to conserve the stock because

• A)the marginal private benefit of harvesting tuna is higher than the marginal social benefit of harvesting it.
• B)the marginal private benefit of harvesting tuna is lower than the marginal social benefit of harvesting it.
• C)the marginal social cost of harvesting the fish is lower than the marginal private cost.
• D)the marginal private cost of harvesting the fish is lower than the marginal social cost.

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Definitions:

Negligence Lawsuit

A legal claim filed against an individual or entity for causing harm through careless or reckless behavior, failing to act as a reasonably prudent person would have.

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