Assignment:
Discuss the effects of technological improvement in an industry that uses a commonproperty resource. For example, consider a technological improvement in fishing equipment that makes it possible to cut the costs of a fishing boat trip in half. Technological progress usually increases net social benefit. Does it do so in this case? How would your answer be affected by government policies relating to this industry?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.