Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 8MCQ

When ITQs are assigned, the market price of an ITQ equals the ____________ .

A. marginal benefit consumers receive from the fish caught

B. marginal private cost of fishing

C. marginal external cost of fishing

D. marginal social cost of fishing

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