Consider a commonly owned fishery in a market with no other fisheries.Given the Tragedy of the Commons, it is more efficient to let a single firm take over the fishery even if that gives the firm monopoly power.

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The Answer of Consider a commonly owned fishery in a market with no other fisheries.Given the Tragedy of the Commons, it is more efficient to let a single firm take over the fishery even if that gives the firm monopoly power.

Consider a Commonly Owned Fishery in a Market with No