-The Table Above Shows the Marginal Social Benefit of Fishing

Multiple Choice

-The table above shows the marginal social benefit of fishing in the Mediterranean Sea. The marginal private cost of operating a fishing boat is the same for all producers; $300 per hour. The marginal social cost is twice the marginal private cost. With no government intervention, the equilibrium quantity of fish caught is ________ tonnes.

A) 100
B) 200
C) 300
D) 400
E) 500