Property rights and territorial hunting rights:
a. had little bearing on the depletion of the beaver in 1700s.
b. were lacking and thereby crucial to depletion of the beaver in the 1700s.
c. could have provided incentives against overharvest of the beaver in the 1700s
d. Both b and c are correct.
e. None of the above are correct.
d. Both b and c are correct.
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Use the following graph for a monopolistically competitive firm in a constant-cost industry to answer the next question. 
This firm is
A. not in either short-run or long-run equilibrium. B. in both short-run and long-run equilibrium. C. in short-run equilibrium, but not long-run equilibrium. D. in long-run equilibrium, but not short-run equilibrium.