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Llanis Llanis
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6 years ago
The spread between price and marginal cost of an exhaustible resource must grow by the rate of interest so that
A) resource owners earn a profit.
B) resource owners are willing to sell some of the resource in the future.
C) the price of the resource remains constant in real terms.
D) the marginal cost of extracting the resource declines.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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6 years ago
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Llanis Author
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6 years ago
Just got PERFECT on my quiz
big_larry_samp
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Yesterday
This helped my grade so much Perfect
Turboturner
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2 hours ago
Thank you, thank you, thank you!
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