Issues in Economics Today 7th Edition by Robert Guell

Exercise 8

Overfishing certain parts of the ocean and certain species of fish has been a problem for centuries with countries actually going to war over fishing disputes. Ronald Coase would suggest that there would be no problem if
A) someone owned (and could control) the ocean.
B) people stopped eating fish.
C) people reacted according to the golden rule.
D) countries agreed to voluntary restrictions on fishing.