Multiple Choice
Which of the following statements is true?
A) When rents are real, competing for them uses resources in a socially unproductive way.
B) The competition for real rents often increases supply and lowers price.
C) If Firm A is receiving artificial rents and Firm B is receiving real rents, then Firm B is larger than Firm A.
D) If Firm A is receiving artificial rents and Firm B is receiving real rents, then Firm B is smaller than Firm A.
Correct Answer:
Verified
Correct Answer:
Verified
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