The essential reason some species of whales have nearly been driven to extinction is that:
A)it is difficult to define and enforce property rights to whales.
B)the demand for whales is extremely high.
C)the price of whales is very low.
D)experienced whalers find it easy to catch whales.

Question

Quizplus · Accepted Answer

The fact that it is difficult to define and enforce the property rights to whales means that whalers do not adequately take into consideration the fact that harvesting an extra whale today reduces the breeding population, and hence the size of the future whale population.

The Essential Reason Some Species of Whales Have Nearly Been