Question

Now, suppose the fish cannery has the property rights to the lake, including the right to pollute it. In this case, assuming the two firms can bargain at no cost, the fish cannery willuse the recycling method, and the resort will pay the fish cannerybetween $300 and $800 per week. The resort will make the most economic profit whenit has property rights to a clean lake . True or False: The fish cannery will use the recycling method, regardless of who has the property rights. True False

Answer 1

The fish cannery will use the recycling method, regardless of who has the property rights: TRUE

What is recycling?

• Recycling is the process of gathering and converting resources into new goods that would otherwise be thrown away as waste.
• Both the environment and your community may benefit from recycling.

Given situation:

"Suppose the fish cannery has the property rights to the lake, including the right to pollute it.

In this case, assuming the two firms can bargain at no cost, the fish cannery will use the recycling method, and the resort will pay the fish cannery between $300 and $800 per week.

The resort will make the most economic profit when it has property rights to a clean lake."

Therefore, the following statement "the fish cannery will use the recycling method, regardless of who has the property rights is TRUE.

Know more about economic profits here:

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