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Llanis Llanis
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7 years ago
If an exhaustible resource is scarce, has constant marginal cost over time, and is sold in a competitive market, then
A) its price increases over time.
B) its price will not be a function of the interest rate.
C) its price moves independently of past prices.
D) its price equals marginal cost.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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#1
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7 years ago
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Llanis Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
branbran2k16
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Yesterday
Brilliant ツ
prime7105
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2 hours ago
Thanks
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