Use the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to answer the question. Which statement would best explain Daniel Pauly's prediction in the last paragraph of the article regarding the change in catch size in the future? Demand for fish is decreasing, so lower prices are driving suppliers from the market. Fish are a public good and best provided by the government instead of a market. The supply of fish is increasing at a decreasing rate, which is leading to more sustainable fishing practices. Fish are a common resource and susceptible to the phenomenon known as tragedy of the commons.

Question

Business

Diamond Pace

20 June, 11:35

Use the Washington Post article Why We've Been Hugely Underestimating the Overfishing of the Oceans to answer the question. Which statement would best explain Daniel Pauly's prediction in the last paragraph of the article regarding the change in catch size in the future? Demand for fish is decreasing, so lower prices are driving suppliers from the market. Fish are a public good and best provided by the government instead of a market. The supply of fish is increasing at a decreasing rate, which is leading to more sustainable fishing practices. Fish are a common resource and susceptible to the phenomenon known as tragedy of the commons.

+4

Answers (1)

Know the Answer?

Kadin Juarez · Answer 1

Answer & Explanation:

Fish is a common resource not a public good because it is subject to rivalry in consumption. Tragedy of commons results when property right aren't assigned for the common resource.