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

Question

Quizplus · Accepted Answer

An individual transferable quota (ITQ) is a system of tradable fishing rights that allows fishermen to catch a specific amount of fish. ITQs can be used to achieve the efficient use of a common resource, such as a fishery.

An Individual Transferable Quota Can Be Used to Achieve the