1 Virtually every good is scarce in the sense we have defined it. There are, however, a few exceptions. Under certain ci

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1 Virtually every good is scarce in the sense we have defined it. There are, however, a few exceptions. Under certain ci

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1 Virtually Every Good Is Scarce In The Sense We Have Defined It There Are However A Few Exceptions Under Certain Ci 1
1 Virtually Every Good Is Scarce In The Sense We Have Defined It There Are However A Few Exceptions Under Certain Ci 1 (30.66 KiB) Viewed 19 times
1 Virtually every good is scarce in the sense we have defined it. There are, however, a few exceptions. Under certain circumstances, water and air are not scarce. When and where might this be true for (a) water and (b) air? Why is it important to define water and air very carefully before deciding whether they are scarce or abundant? Under circumstances where they are not scarce, would it be possible to charge for them?
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