I have attached the rubric for this assignment please look over them

this assignment is worth 20% of my grade please be mindful of the requirements

You must submit a completed paper with title page, introduction, body, conclusion, a graph, and bibliography 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.

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 Feel free to use any stats or data that you find through your own research – make sure you use econ terminology.

Discuss why the market failure occurs and include the correct graph.

Consider catch shares and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other beneficial aspects of catch shares that you find through your own research.

Consider catch shares and the negative aspects of this government intervention. In addition to improving your paper based on the feedback you received, add to your previous discussion of catch shares using what you have learned about how monopolists make pricing and output decisions and how and why market power is a problem. 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.

Your study must be 6 FULL pages of text (at least 6 no more than 7), double-spaced, 1″ margins, and size 12 Times New Roman FONT. File type must be doc, docx, or pdf. Title/title page is not included in page count. Graphs, tables, figures, images, and references page should be included at the end of the text and are NOT to be included in the page length requirement.