6. Which of the following is correct? A. Preferential use' attempts to establish a hierarchy of uses. B. Diminishing transferability of water property rights increases the market pressures toward equalization of the marginal net benefits. C. The existing system of prior appropriation rights and federal and state laws increases the degree of transferability of water property rights. D. Beneficial use' applies to instream consumptive uses

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Chapter13: Positive Externalities And Public Goods
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6. Which of the following is correct?

A. Preferential use' attempts to establish a hierarchy of uses.

B. Diminishing transferability of water property rights increases the market pressures toward equalization of the marginal net benefits.

C. The existing system of prior appropriation rights and federal and state laws increases the degree of transferability of water property rights.

D. Beneficial use' applies to instream consumptive uses

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