A regional lobster management board recently proposed a five-year moratorium on lobster fishing in the Atlantic waters south of Cape Cod based on a study of the lobster population. Which of the following statements is not correct?
A)Lobsters are rival but not excludable.
B)The lobster population is an example of the tragedy of the commons.
C)Reducing the quota on the number of lobsters any fisher can catch would have a protective effect on the lobster population.
D)If left unregulated, the lobster population will likely increase.

Question

Quizplus · Accepted Answer

If left unregulated, the lobster population will not likely increase. In fact, they may face overfishing and depletion of the population due to the tragedy of the commons.

A Regional Lobster Management Board Recently Proposed a Five-Year Moratorium