The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1

-Which of the following is a nonrenewable source of energy?

Question

The figure given below represents an imperfectly competitive resource market. Here common land (and not land used for specific purpose) is under consideration.Figure 18.1
 
-Which of the following is a nonrenewable source of energy?

Quizplus · Accepted Answer

Petroleum is a nonrenewable source of energy, which means that it is a finite resource that cannot be replenished over time. Corn, ethanol, bagasse, and biomass are examples of renewable sources of energy, which can be grown or reused continuously.

The Figure Given Below Represents an Imperfectly Competitive Resource Market