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Economic rents are: Considered equitable when they compensate individuals regardless of talent. Conducive to efficiency as they reward individuals for their hard work. Beneficial for
Economic rents are: Considered equitable when they compensate individuals regardless of talent. Conducive to efficiency as they reward individuals for their hard work. Beneficial for efficiency as they draw talent to firms where it can be most productive. Detrimental to efficiency because they do not reflect effort expended
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Business Statistics for Contemporary Decision Making
Authors: Ken Black
6th Edition
978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184
