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Which of the Following Statements Is TRUE

Question 131

Multiple Choice

Which of the following statements is TRUE?
I. Overfishing results from fish being privately owned by profit-maximizing firms.
II. If a fisherman catches a lot of fish, he creates a negative externality because there are less fish to catch for everyone else.
III. There is no incentive for an individual to fish less simply to leave more fish for everyone else to catch.


A) I, II, and III
B) II only
C) II and III only
D) I only

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