Demand and marginal cost are stationary over time

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1. Explain why Canadian oil sands reserves might not appropriately be classified as conventional oil reserves.

2. What is the United States doing similar or related to the EU’s GDPR? What are the implications of doing business for a US firm?

3. Given the r percent rule of extraction, if demand and marginal cost are stationary over time, what is the resource price path over time?

Reference no: EM132230859

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