One way the government of Alaska could prevent an inefficiently large production of crab fishing would be to:
A)subsidize fishermen to create more competition.
B)sell exclusive licenses for the right to fish.
C)offer tax breaks for more efficient boats.
D)allow competition from foreign fishermen.

Question

Quizplus · Accepted Answer

By selling exclusive licenses for the right to fish, the government can control the number of fishermen in the industry and prevent overfishing. This would also ensure that only qualified fishermen who are dedicated to the industry are allowed to fish, thus preventing inefficient or careless production of crab fishing. Subsidizing fishermen or offering tax breaks might encourage more individuals to enter the industry, further increasing the amount of fishermen without controlling the production. Allowing competition from foreign fishermen would also not be a viable option as it could potentially harm the local industry and violate regulations on sustainable fishing.

One Way the Government of Alaska Could Prevent an Inefficiently