Figure 11.16 Figure 11.16 shows the market for Atlantic tuna, a common resource. The current market equilibrium output of Q₁ is not the economically efficient output. The economically efficient output is Q₂.
-Refer to Figure 11.16.The current market equilibrium output is partly the result of overfishing.In that case,what does S₂ represent?

Question

Figure 11.16

Figure 11.16 shows the market for Atlantic tuna, a common resource. The current market equilibrium output of Q₁ is not the economically efficient output. The economically efficient output is Q₂.
-Refer to Figure 11.16.The current market equilibrium output is partly the result of overfishing.In that case,what does S₂ represent?

Quizplus · Accepted Answer

The Answer of Figure 11.16 Figure 11.16 shows the market for Atlantic tuna, a common resource. The current market equilibrium output of Q 1 is not the economically efficient output. The economically efficient output is Q 2 . -Refer to Figure 11.16.The current market equilibrium output is partly the result of overfishing.In that case,what does S₂ represent?

Figure 1116 Figure 11