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Title: Why is the price of a scarce exhaustible resource in a competitive market above the marginal cost of ... Post by: Mairoon on Oct 19, 2017 Why is the price of a scarce exhaustible resource in a competitive market above the marginal cost of providing a unit of the resource?
Title: Re: Why is the price of a scarce exhaustible resource in a competitive market above the marginal ... Post by: Tyforumca on Oct 19, 2017 Because the resource is scarce, the owner receives a rent. The addition of the rent increases the price above the marginal cost of providing the resource.
Title: Re: Why is the price of a scarce exhaustible resource in a competitive market above the marginal cost of ... Post by: Mairoon on Aug 14, 2018 Thanks. This is just start. ;)
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