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Extraction Cost Curve
A graphical representation showing the cost of extracting resources at various production rates, typically illustrating increased costs as resources become scarcer.
Marginal Extraction Costs
The additional costs incurred in extracting one more unit of a resource, which can increase as the resource becomes more scarce.
User Costs
Expenses related to the use of a product or service, including maintenance, operation, and depreciation.
Property Rights
The legal rights to use, control, and dispose of property and resources.
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