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Homework answers / question archive / 11
11. The outcome from an open-access fishery that is unmanaged by the government is a. economically efficient but usually ecologically destructive with low fish stocks. b. the same as the outcome from a fishery managed for the maximum sustained yield. c. economically not efficient but usually is ecologically optimal with large fish stocks. d. economically not efficient and usually ecologically destructive with low fish stocks.
Answer - Option D
Economically not efficient and usually ecologically destructive with low fish stocks
It leads to the problem of free rider and hence no exclusion from the acess. This leads to the excess use of resources which leads to inefficiency. The management by government may lead to rise in efficiency. Hence Option D will be correct.
