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Biology, 13.12.2019 22:31 wrms8379

Early settlers in the town of dry gulch drilled wells to pump as much water as they wanted from the single aquifer beneath the town. (an aquifer is an underground body of water.) as more people settled in dry gulch, the aquifer level fell and new wells had to be drilled deeper at higher cost. residents of dry gulch have a private incentive to water because
a. over use; external costs aren't considered. b. under use; it is a scarce resource. c. over use; it is a scarce resource. d. under use; it is characterized by increasing marginal costs.

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Early settlers in the town of dry gulch drilled wells to pump as much water as they wanted from the...
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