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Author Question: Consider a remote village with a limited, freely available water supply and no government ... (Read 46 times)

xman15.

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on: Oct 12, 2022
Consider a remote village with a limited, freely available water supply and no government intervention in the allocation of water. Economic theory predicts that the water will be
◦ allocated efficiently because users will tend to use the water until marginal cost and marginal benefit are both equal to zero.
◦ allocated efficiently because users will tend to use the water as though it were a public good.
◦ overexploited because users will tend to use the water until the marginal cost of providing the water is zero.
◦ allocated efficiently because users will tend to use the water until the supply and demand are in equilibrium.
◦ overexploited because users will tend to use the water until their marginal benefit is zero.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xman15. on Oct 12, 2022

aublw

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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xman15.

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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