From the Hotelling Rule, We Would Expect That a Perfectly

Multiple Choice

From the Hotelling rule, we would expect that a perfectly competitive industry selling an exhaustible resource would:

A) sell more of it than a monopolist would in each period.
B) sell it all at once.
C) sell less of it than a monopolist would in each period.
D) not sell it.
E) not sell it unless interest rates were low.