1. Suppose there are two identical forest plots except that one will be harvested and left to...
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1. Suppose there are two identical forest plots except that one will be harvested and left to regrow while the second will be cleared after the harvest and turned into a housing development. In terms of efficiency, which one should have the oldest harvest age? Why?
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Related Book For 
Environmental And Natural Resource Economics
ISBN: 9781315523965
10th Edition
Authors: Thomas H Tietenberg, Lynne Lewis
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