Common- property fishing grounds are
A) often overexploited because fishing grounds are rivalrous and excludable.
B) often overexploited because fishermen are concerned with preserving fish stocks for future fishermen.
C) often underexploited because non- excludability means there is little investment in the resource.
D) often overexploited because individual fishermen do not consider the reduced availability of fish for subsequent fishermen.
E) always efficiently exploited because fishermen now understand the dangers of over- fishing.
Correct Answer:
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