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    Microeconomics Study Set 2
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    Exam 17: The Markets for Labor and Other Factors of Production
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    The Price of a Factor of Production That Is in Fixed
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The Price of a Factor of Production That Is in Fixed

Question 72

Question 72

Multiple Choice

The price of a factor of production that is in fixed supply is called


A) economic rent.
B) economic profit.
C) a compensating differential.
D) opportunity cost.

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