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1. Consider the model with constant harvest costs C and logistic growth F (x)=x*(1-(x/K)). Suppose that < r. Are there circumstances where the sole owner

1. Consider the model with constant harvest costs C and logistic growth F (x)=x*(1-(x/K)). Suppose that < r. Are there circumstances where the sole owner drives the stock to a positive steady state? Explain and justify your answer. (Hint: Is there any reason to suppose that rent is positive in this model?)

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