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If Grazing Land Is Used by All Individuals on a Free

Question 29

Multiple Choice

If grazing land is used by all individuals on a free open range, they will operate until the


A) AP of the land equals the opportunity cost of the input.
B) MP of the land equals the opportunity cost of the input.
C) TP of the land equals the opportunity cost of the input.
D) MP of the land is larger than the opportunity cost of the input.

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