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To implement ecosystem-based approaches to fisheries management, decision makers need insight on the potential costs and benefits of the policy options available to them. In the Southern Ocean, two such options for addressing trade-offs between krill-dependent predators and the krill fishery include "feedback management" (FBM) strategies and marine protected areas (MPAs); in theory, the first adjusts to change, while the latter is robust to change. We compared two possible FBM options to a proposed MPA in the Antarctic Peninsula and Scot