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evpalmer evpalmer
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6 years ago
When a resource has a perfectly elastic supply curve
A) the amount of economic rent for the resource is determined by its supply.
B) the amount of economic rent for this resource is determined by demand for the resource.
C) there is no economic rent being earned by this resource.
D) the entire payment received by this resource is economic rent.
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Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
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amandamrazamandamraz
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6 years ago
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evpalmer Author
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6 years ago
Such a godsend, you helped me and my friend big time
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