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9.3.1 Introduction
9.3.1 Introduction
The open access fishery is one where there is no restriction placed upon utilization of the resource. When property rights for natural resource is net enforced, overexploitation of the resources is frequently occurs. Hence in open accent fishery the resource is highly exploited down to the level at which marginal profit equals zero that is no harvest beyond the highly exploited level.
Last modified: Saturday, 4 June 2011, 10:30 AM