Saturday, March 3, 2012

Scare Shrimp

The New York Times reported that the 2011 shrimp harvests off the Gulf of Mexico are at record lows. While the answer as to why is unknown, many are looking at the BP oil spill as one reason why. Again this has not been determined to be the reason, but if shrimp harvests are reduced due to the BP oil spill, then this is an (unfortunate) example of a negative externality.

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