-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 market is

A) underproducing by 100 tonnes of fish.
B) catching the efficient quantity of fish.
C) overproducing by 200 tonnes of fish.
D) overproducing by 300 tonnes of fish.
E) underproducing by 300 tonnes of fish.