Solution-Around to catch fish to sell at the fish market

Around to catch fish to sell at the fish market

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Reference no: EM131431937

People come from all around to catch fish to sell at the fish market.The total number of fish caught is F = 10x - x2 where x is the number of fishermen. Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum,how much would it hurt all the other fishermen (combined) if one more person started fishing?

Reference no: EM131431937

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Around to catch fish to sell at the fish market

Reference no: EM131431937

Reference no: EM131431937

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