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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In a perfectly competitive market, if a depletable resource becomes scarcer over time, its price is expected to rise, not fall, due to increased scarcity and demand. This can make it more profitable for firms to extract and sell the resource.

If a Depletable Resource Is Selling in a Perfectly Competitive