Solved

The Figure Given Below Represents an Imperfectly Competitive Resource Market

Question 36

Multiple Choice

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
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    -Because there is a finite supply of a nonrenewable resource,: A) it has inadequate substitutes. B) any use of that resource today will leave less available for tomorrow. C) such resources are replenished faster than they are consumed. D) the government subsidizes the extraction of such resources. E) any use of that resource today means the value of the resource will fall in the future.
-Because there is a finite supply of a nonrenewable resource,:


A) it has inadequate substitutes.
B) any use of that resource today will leave less available for tomorrow.
C) such resources are replenished faster than they are consumed.
D) the government subsidizes the extraction of such resources.
E) any use of that resource today means the value of the resource will fall in the future.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents