Describe the fishing market using what you have learned about scarcity

The paper should be in Chicago style

Describe the fishing market using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using economic terminology.

Describe the benefits and costs but leave the discussion of catch shares and other solutions to the problems in this market for later drafts. DO NOT discuss catch shares, only discuss the fishing market without this intervention.

The body of the text must be at least 2 full pages, see GenEd Assignments for all font/spacing/margin/etc requirements. Make sure to include an updated citation page. Graphs are not necessary for this draft of the assignment but if included should be at the very end of the text and are not included in page count.