The Following Table Shows the Costs and Benefit of Producing

The following table shows the costs and benefit of producing a commodity.Table 13.1

-One reason that some whales were hunted close to extinction is that no one can claim ownership of a whale until it is killed. If property rights to the whale population were established:

A) then whales would surely be hunted to extinction.
B) the owners would have the incentive to ensure a sustainable yield of whales, so the whale population could recover.
C) no one would hunt whales.
D) the price of whales would be kept artificially low so that trade in whales would become unprofitable.
E) the whales would be hunted to extinction only when the price is high and it is profitable to trade in whales.