An individual transferable quota can be used to achieve the
A) efficient use of a common resource.
B) equilibrium for a common resource.
C) equilibrium for a public good.
D) equilibrium for a private good.

Question

Quizplus · Accepted Answer

An individual transferable quota (ITQ) is a tool used in fisheries management and environmental policy to achieve the efficient use of a common resource. By allocating specific quotas that can be bought, sold, or leased, ITQs help in preventing overexploitation of common resources like fish stocks, ensuring their sustainable use.

An Individual Transferable Quota Can Be Used to Achieve the