Kara and Kyle are competing sockeye salmon fishers. Both have been allocated ITQs that limit their catch to 2,000 tons of sockeye salmon each. Kara's cost per ton is $8; Kyle's cost per ton is $12. Refer to the information given. If the market

price of sockeye salmon is $15 per ton, and Kara and Kyle both catch their quota, their combined profit will be:

A. $6,000.
B. $14,000.
C. $20,000.
D. $30,000.


Answer: C

Economics

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