Suppose there are two identical forest plots except that one will be harvested and left as is
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Suppose there are two identical forest plots except that one will be harvested and left as is while the second will be cleared after the harvest and turned into a housing development. In terms of efficiency, which one should have the oldest harvest age? Why?
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The plot being turned into a housing development would have the shortest ...View the full answer
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Related Book For 
Environmental And Natural Resources Economics
ISBN: 9780131392571
9th Edition
Authors: Tom Tietenberg
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