Overfishing along the coastline of Helsking village led the government to impose a fee on the boats used for fishing. The fishermen were charged $50 on each boat they sent out for fishing. The following table shows the total pounds of fish caught per hour and the number of boats used for fishing.Table 13.2

-One of the reasons that communism failed in the Soviet Union is that, under communism:
A) no one had property rights, so there was little incentive to use resources efficiently.
B) there were high rates of unemployment and homelessness accompanied by a high rate of inflation.
C) planners did not have all the information necessary to make efficient decisions.
D) there was a high degree of political freedom.
E) there was a high degree of economic freedom.
Correct Answer:
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Q16: The table below shows the payoff (profit)
Q17: The table below shows the payoff (profit)
Q18: The table below shows the payoff (profit)
Q19: The table below shows the payoff (profit)
Q20: The table below shows the payoff (profit)
Q22: Overfishing along the coastline of Helsking village
Q23: The following table shows the costs and
Q24: The following table shows the costs and
Q25: The table below shows the payoff (profit)
Q26: The table below shows the payoff (profit)
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