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The Markets for Renewable and Nonrenewable Resources Operate to Ensure

Question 36

Multiple Choice

The markets for renewable and nonrenewable resources operate to ensure that:


A) the producers using these resources earn above-normal profits even in the long run.
B) the current and future prices of such resources remain high.
C) the cost of extraction of such resources increase with increase in price.
D) the current price of such resources should remain low but the future prices should increase to increase profitability of the producers.
E) the current and future wants for these resources are satisfied in the least costly manner.

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