Describe the fishing market, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets.

Describe the fishing market, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using specific economic terminology and concepts learned in this course.
Describe the benefits and costs but leave the discussion of catch shares and other solutions to the problems in this market for the next part. Describe this market using the supply and demand graphical model
Expand your discussion of the market from Part I, using what you have learned about market failures/problems due to different types of goods.
Now consider catch shares and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other beneficial aspects of catch shares that you find through your own research – make sure you use econ terminology throughout.

Watch the Documentary: Cod Is Dead
Rotten (2018) – Cod Is Dead, Season 1 Episode 6, Documentary – TV Series

read
https://www.edf.org/oceans/how-catch-shares-work-promising-solution (Links to an external site.)
https://www.catchshareindicators.org/home/ (Links to an external site.)
https://www.fisheries.noaa.gov/insight/catch-shares

A rising tide | The Economist.pdf Download A rising tide | The Economist.pdf
How to stop fishermen fishing _ The Economist.pdf Download How to stop fishermen fishing _ The Economist.pdf
Study_ Program To Protect Fish Is Saving Fishermen’s Lives, Too _ The Salt _ NPR.pdf Download Study_ Program To Protect Fish Is Saving Fishermen’s Lives, Too _ The Salt _ NPR.pdf
The sea is running out of fish, despite nations’ pledges to stop.pdf
everything above must be cited Chicago style ( https://owl.purdue.edu/owl/research_and_citation/chicago_manual_17th_edition/cmos_formatting_and_style_guide/general_format.html )

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