In This Model of Ownership Over a Natural Resource Commodity

In this model of ownership over a natural resource commodity, corporations pay some kind of licensing fee to extract a publicly owned natural asset--for example, when governments grant timber licenses to logging firms entitling them to extract wood from a defined territory.

A) State ownership and state exploitation
B) State ownership and private exploitation
C) State ownership and corporate control
D) All of the above
E) None of the above