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MrsAngelD MrsAngelD
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6 years ago
If a non-renewable resource is scarce, has constant marginal cost of production, and is sold in a competitive market,
A) its price will increase over time.
B) its price will exceed marginal cost.
C) its price will increase by the rate of interest.
D) All of the above.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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RumkoRumko
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#1
Posts: 279
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6 years ago
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MrsAngelD Author
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6 years ago
Thanks for your help!!
aznzergs
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jakechambo3
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2 hours ago
Smart ... Thanks!
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