If property rights are weak or uncertain, resource extraction will tend to
A) occur faster than the rate that would maximize the long-run stream of profits.
B) occur slower than the rate that would maximize the long-run stream of profits.
C) occur at the rate that would maximize the long-run stream of profits.
D) stop.
Correct Answer:
Verified
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A)expanded everywhere because of state
A)be more
A)can never be exhausted permanently.
B)can be
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