Consider this scenario: A certain family that lives in the Sierra Nevada mountains owns a small resort at one end of a mountain lake.
a.This resort rents cabins and row boats to vacationers during the summer who wish to come and fish the lake, hike the trails, and enjoy picnics and campfires with their friends and families.
a.After operating this resort for 20 years, the family is informed that an endangered fish is discovered in the lake.
a.This endangered fish is a poor competitor against the trout that are stocked to make fishing more enjoyable for the vacationers, and so the trout can no longer be stocked in the lake, and no one can fish in the lake.Because of the Endangered Species Act, the fishing aspect of this resort was closed down.
a.This resort was no longer popular, and the owners had to close the resort, resulting in lost income for their family.
a.Make suggestions about how this dilemma could have been addressed so that both the fish and the resort owners could have survived.
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