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Economic rent Multiple Choice is the payment to a more productive resource above its opportunity cost. cannot be earned in long-run competitive equilibrium. is competed
Economic rent
Multiple Choice
- is the payment to a more productive resource above its opportunity cost.
- cannot be earned in long-run competitive equilibrium.
- is competed away in the long run.
- both "cannot be earned in long-run competitive equilibrium" and "is competed away in the long run".
- All of the choices are correct.
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
