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Define advocacy groups. List the three approaches to influencing businesses that they are likely to use. Specify which one of these three is most likely to have an impact on company sales and profits.
Nonrenewable Resources
Natural resources that cannot be replenished at the same rate at which they are consumed.
Incentive Structures
Frameworks within an organization or economy designed to motivate and encourage specific behaviors and outcomes among participants.
Extraction Costs Curve
A graphical representation that shows how the cost of extracting a resource varies with the quantity extracted.
Marginal Extraction Costs
The additional costs associated with extracting one more unit of a resource, important in the economics of natural resource exploitation.
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