Writing PART III

(this draws on monopoly and antitrust regulation (Ch 15) to improve the argument made in Parts I and II as well as offer an alternative solution) – Final Draft

Consider catch shares and the negative aspects of this government intervention. Add to your discussion of catch shares using what you have learned about how monopolies make pricing and output decisions, and how and why market power is a problem, in addition to the feedback you received. Include any other negative aspects of catch shares that you find through your own research.

Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in part I and avoids the problems you noted in the first half of part II. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.

Note: This is the final part of the writing assignment. You must submit a completed paper with title page, introduction, body, conclusion, and references page. The paper should breakdown the fishing market and problems within it, evaluate the current solution and it’s limitations, and propose an original contribution/potential solution.

The body of the text must be at least 6, no more than 7, full pages: a revision of the first 4 pages already submitted (addressing all comments you received on the second draft as well as integrating the second draft with this one) PLUS an additional 2 pages. Your document must follow formatting rules (font, spacing, margins, etc), see GenEd Assignments.

Submit your final assignment using Turnitin under assignments Case Study #GEA2

I have attached the part one and part two of the writing. For part one of my essay they asked me to add demand supply. Second part Missing graph. Graph of negative externality should be included.
You should discuss market failure in terms of common resources/negative externality. This where my comments from my professor. So you should add graphs in separate page and talk about it too. Body text should be at least 6 to 7 pages without reference and title.But you still add the references and title. Please the instructions carefully.