Fishing often occurs where no clearly defined property rights exist.One would expect
A)Too few fish would be caught
B)Too many fish would be caught
C)To problems when this happens because fisherman will stop fishing when their costs of fishing equal the benefits of fishing
D)Too few boats to go out fishing

Question

Quizplus · Accepted Answer

Without clearly defined property rights, there is no incentive for fishermen to conserve the fishery as they are not reaping the full benefits of doing so. This often leads to overfishing and too many fish being caught.

Fishing Often Occurs Where No Clearly Defined Property Rights Exist