[Solved] "Since It Is in the Interest of Fishers as a Group

Question 62
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"Since it is in the interest of fishers as a group not to over-exploit the stock of fish,conservation of fish stocks is not a problem." What is wrong with this statement?


A)It does not recognize the fact that the supply of fish is inelastic.
B)It does not recognize the fact that conservation practices by an individual fisher are rational only if all fishers practice them.
C)It does not recognize the fact that more and more fish are now raised on fish farms.
D)It fails to take into account the necessary interest-rate discounting of the asset of fish stocks.

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