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Which one of the following statements is false? a) The economically optimal level of production is...

Which one of the following statements is false?
a) The economically optimal level of production is less than the open-access equilibrium level of production.
b) The economically optimal level of production occurs at the maximum sustainable yield.
c) Charging a license fee for access to a common resource will reduce the production level below the open-access equilibrium.
d) The “tragedy of the commons” is more likely to occur as production effort increases.
e) A license fee will reduce the incentives for entry into a market.
business   economics   
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Ans) the correct option is b) The economically optimal level of production occurs at the maximum sustainable yield.

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