1. Read the Halibut Case Study and consider the following items.
    • Define or describe Geoduck, Open Access, Limited Entry, Individual Quotas, and TAC.
    • Describe specific events in the history of the Canadian Pacific Halibut fishery (specifically address these years – 1923, 1930, 1953, 1979, 1980s, 1988, 1991-1993, 1993-publication date).
    • What were the characteristics of the Canadian Pacific Halibut fishery in 1988 that prompted industry to ask for IQs?
    • Describe results from Figures 4.1-4.5.
    • Summarize the impact of IQs on the Canadian Pacific Halibut fishery.