-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. If the government sets a production quota, the profit on the last tonne of fish caught is ________ per tonne.

A) $0
B) $100
C) $200
D) $300
E) $400