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Author Question: Which of the following is true? i. A common resource is a resource that is nonrival and ... (Read 63 times)

chandani

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on: May 24, 2019
Which of the following is true?
i.  A common resource is a resource that is nonrival and nonexcludable.
ii.  Issuing individual transferable quotas (ITQ) means that for users of common resources, the marginal cost plus the price of the ITQ equals the marginal social cost.
iii.  In an unregulated market, a common resource is used to the point at which marginal private benefit equals marginal cost.
◦ only i
◦ only ii
◦ only iii
◦ i and ii
◦ ii and iii
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by chandani on May 24, 2019

micaelaswann

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Reply #1 on: May 24, 2019
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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chandani

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Reply 2 on: May 24, 2019
:D TYSM

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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