The Problem of Overfishing in Waters That Are Commonly Owned

question 268

Multiple Choice

The problem of overfishing in waters that are commonly owned can be solved by

• A) the use of the Coase Theorem.
• B) establishing property rights for fishing in the waters.
• C) subsidizing fishing.
• D) allowing the market to ration fish.

---

Definitions:

Specific Object

An item or thing that is distinctly identified or defined.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to imminent events or something with an unpredictable result.

Hysteria

A psychological disorder characterized by excessive or uncontrollable emotion or excitement, now recognized as a variety of disorders.

Opposite Extremes

Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.