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A monopoly firm will enjoy an economic profit in the long run. True or False? A True B False Question 9 10 Points The total

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A monopoly firm will enjoy an economic profit in the long run. True or False? A True B False Question 9 10 Points The total quantity of natural resources to be extracted is 150 units, the rate of return is 40%% the price now is $20 per unit, the price in 1 year is $30 per unit and the cost per unit for both points in time (now and in 1 year) is the same i.e., $10 per unit now and $10 per unit in one year. How many units (approximately) should be extracted now and later? A 60 units now and 90 units later B 88 units now and 62 units later C 100 units now and 50 units later D 0 units now and 150 units later Question 10 10 Points A carbon tax is considered better than a carbon trading scheme when managing carbon emissions. True or false? A True B False

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