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Pure Economic Rent Is the Payment to Factors of Production

Question 50

Multiple Choice

Pure economic rent is the payment to factors of production which:


A) have relatively inelastic supplies and have positive marginal products.
B) are depleted over time and have no external economies.
C) have no substitutes and are produced under perfectly competitive conditions.
D) have fixed supplies and no alternative uses.
E) have fixed supplies with many alternative uses.

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