Foundations of Economics (8th Edition)
Foundations of Economics (8th Edition)
8th Edition
ISBN: 9780134486819
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 11, Problem 5MCQ

A renewable common resource is used sustainably if ____________ .

A. private benefits and public benefits are equal

B. private benefits equal private costs

C. the rate of renewal of the resource equals its rate of use

D. the rate of use of the resource equals the social benefit from its use

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