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10
10. In terms of efficient fisheries management a. banning low cost ways to catch fish is always a good strategy. b. the best strategy is to aim for the maximum sustained yield. c. individual transferable quotas lead to the highest cost anglers voluntarily leaving the fishery. d. generally no government policy is needed since fish are an open-access resource.
Expert Solution
Option b
Long run sustainability would be a better strategy as it would assure the long run livelihood for the people engaged in the fishery business and for the consumers too.
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