Traders expect the price of a nonrenewable natural resource to _ at a rate equal to the _. We call this idea the Hotel

Question

Ann [662]

2 years ago

11

Traders expect the price of a nonrenewable natural resource to _ at a rate equal to the _. We call this idea the Hotel

ling principle. A. rise; interest rate B. fall; average total cost C. fall; interest rate D. rise; average total cost

Business

1 answer:

Ivahew [28] · Answer 1 · 2022-05-20T03:14:50+03:00

Answer:

A. rise; interest rate

Explanation:

Hotelling principle explaining spatial competition was proposed by Harold Hotelling. The principle addresses a fundamental decision for an owner of a non-renewable resource that they prefer to keep the resource and hope for a better price in future.

Traders expect the price of a nonrenewable natural resource to​ _____ at a rate equal to the​ _____. We call this idea the Hotel

Traders expect the price of a nonrenewable natural resource to _ at a rate equal to the _. We call this idea the Hotel