The prediction of permanent, growing shortages of fresh drinking water by the year 2050 assumes
A) water prices will increase.
B) water prices will decrease.
C) water prices will not adjust appropriately to coordinate the market.
D) nobody will be able to collect water from rain and snowstorms.
C
You might also like to view...
Use the information in the following table, which summarizes the payoffs (i.e., profit) to two firms that must decide between an average-quality and a high quality product, to answer the questions that follow:
Firm 2 Average Quality High Quality Firm 1 Average Quality 600, 600 400, 1100 High Quality 1100, 400 900, 900 a. What is each player's dominant strategy? Explain your reasoning. b. Referring to the table above, is this an example of a prisoner's dilemma game? Why or why not? c. Is there a Nash equilibrium? If so, what is it?
The "bubble concept" as employed by the Environmental Protection Agency
What will be an ideal response?