If a non-renewable resource is scarce,has constant marginal cost of production and is sold in a competitive market,
A) its price will increase over time.
B) its price will exceed marginal cost.
C) its price will increase by the rate of interest.
D) All of the above.

Question

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The Answer of If a non-renewable resource is scarce,has constant marginal cost of production and is sold in a competitive market,
A) its price will increase over time.
B) its price will exceed marginal cost.
C) its price will increase by the rate of interest.
D) All of the above.

If a Non-Renewable Resource Is Scarce,has Constant Marginal Cost of Production