Which of the following is an effort to establish property rights and promote more efficient allocation of ocean fisheries?
A) Regulations limiting the length of the fishing season.
B) Regulations reducing the size of fishing boats and other equipment used in the industry.
C) Establishment of transferable individual fishing quotas.
D) Complete open access of ocean fishing to anyone who would like to enter the business.

Question

Quizplus · Accepted Answer

Transferable individual fishing quotas (IFQs) are a market-based approach that allocates specific portions of the total allowable catch to individuals or companies, promoting sustainable fishing practices and efficient resource allocation.

Which of the Following Is an Effort to Establish Property