Thousands of Japanese fishermen have used gill nets to catch tuna with great efficiency. Many environmentalists have objected to this practice since many other marine animals (such as dolphins and sharks) are killed by the nets and discarded by the fishermen. Which of the following statements is most accurate?
A)A private solution can be reached through negotiation between the fishermen and the environmentalists.
B)A private solution is not practical due to the large number of individuals affected.
C)The market price of tuna is higher than the socially optimum price of tuna.
D)A private solution to this problem would not affect the price of tuna.

Question

Thousands of Japanese fishermen have used gill nets to catch tuna with great efficiency. Many environmentalists have objected to this practice since many other marine animals (such as dolphins and sharks) are killed by the nets and discarded by the fishermen. Which of the following statements is most accurate?
A)​A private solution can be reached through negotiation between the fishermen and the environmentalists.
B)​A private solution is not practical due to the large number of individuals affected.
C)​The market price of tuna is higher than the socially optimum price of tuna.
D)​A private solution to this problem would not affect the price of tuna.

Quizplus · Accepted Answer

A private solution is not practical due to the large number of individuals affected, including various marine species and numerous fishermen, making negotiation and agreement difficult.

Thousands of Japanese Fishermen Have Used Gill Nets to Catch