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suppose the firm realizes that to keep up with the demand for tuna caught by the more humane pole-and-line method of fishing, each of its boats must catch at least 1,000 pounds of fish per day. given the preceding data, what should it consider doing? explain.

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If the firm wants to keep up with the demand for tuna caught by the more humane pole-and-line method of fishing, it should consider increasing the number of boats that use this method.

This would allow the firm to catch at least 1,000 pounds of fish per day, which is the minimum amount required to meet the demand. The firm could also consider investing in more advanced fishing equipment or techniques to increase the efficiency of the pole-and-line method, which would allow each boat to catch more fish per day.

Additionally, the firm could consider increasing its price for tuna caught using the pole-and-line method to ensure that it is profitable to continue using this method.

Learn More about Demand and Supply here:

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