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    Exam 16: The Economics of the Environment, and Natural Resources
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    If a Depletable Resource Is Selling in a Perfectly Competitive
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If a Depletable Resource Is Selling in a Perfectly Competitive

Question 18

Question 18

True/False

If a depletable resource is selling in a perfectly competitive market, its expected price will continue to fall over time.This makes it unprofitable for firms to seek out the resource and bring it to market.

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