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The Figure Given Below Represents an Imperfectly Competitive Resource Market

Question 40

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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    -The market's role is to ensure that nonrenewable resources are allocated across time to where they are most highly valued. This implies, if more is used today then: A) the future supply curve shifts downward. B) financial investments offer a lower rate of return. C) the return on saving the resource for future use rises. D) the expected demand for the resource in the future is low. E) technological advancement will guarantee a steady future supply.
-The market's role is to ensure that nonrenewable resources are allocated across time to where they are most highly valued. This implies, if more is used today then:


A) the future supply curve shifts downward.
B) financial investments offer a lower rate of return.
C) the return on saving the resource for future use rises.
D) the expected demand for the resource in the future is low.
E) technological advancement will guarantee a steady future supply.

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