Part I – (this draws on monopoly and antitrust regulation to improve the argument made in the Rough Draft as well as describe an unintended consequence)
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. Recall from the documentary how catch shares and monopoly are related. Include any other negative aspects of catch shares that you find through your own research – make sure you use economic terminology throughout this part of the paper.
Part II – (this requires you to offer a creative alternate solution to the consequence you described above)
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 the rough draft and avoids the problems you noted above. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.