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Satsume Satsume
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6 years ago
The marginal social cost and private cost curves for a particular common property resource are upward sloping.  What happens to the gap between teh actual quantity and the socially optimal quantity as the demand for the resource becomes more inelastic?
A) Gap widens
B) Gap declines
C) Gap does not change
D) We do not have enough information to answer this question
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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oracledarrenoracledarren
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#1
Posts: 455
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6 years ago
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Satsume Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Morgan-C
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Yesterday
Thank you, thank you, thank you!
SlimyPencil
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2 hours ago
Helped a lot
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