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Llanis Llanis
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6 years ago
Long-run economic rent or profit does not exist for fixed factors like land because
A) bidding drives up the price of the factor until no economic rent exists.
B) there is no market for such factors.
C) these factors have L-shaped isoquants.
D) these factors will earn economic profits.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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ChronosChronos
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#1
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6 years ago
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Llanis Author
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6 years ago
Thank you, thank you, thank you!
Transonic
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Yesterday
this is exactly what I needed
nsak
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2 hours ago
Thanks
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