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  3. 4 property rights and incentives suppose fischer pond is a...

Question: 4 property rights and incentives suppose fischer pond is a...

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4. Property rights and incentives Suppose Fischer Pond is a common-property resource-anyone can fish without having to pay for access. Locke Lake is privately owned-people who want to fish must purchase one of a limited number of permits from the lakes owner each season According to the incentives that private ownership creates, which of the following would you expect to happen? Check all that apply. The owner of Locke Lake is not likely to limit the number of fishing permits, and, therefore, a plentiful stock of fish will not be maintained O Fischer Pond is more likely to experience a dwindling stock of fish each season . The owner of Locke Lake is likely to keep the lake clean and unpolluted.

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