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    Economics Today Study Set 1
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    Exam 21: Rents, Profits, and the Financial Environment of Business
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    When the Supply Curve of a Resource Is Vertical, Then
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When the Supply Curve of a Resource Is Vertical, Then

Question 278

Question 278

Multiple Choice

When the supply curve of a resource is vertical, then the return to the resource owner is


A) zero.
B) partly economic rent and partly opportunity costs.
C) partly economic rent and partly profits.
D) pure economic rent.

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