Economic rent is
A) what a landlord earns by leasing land or capital.
B) the amount of money a person could have earned by using land for another purpose.
C) the difference between the market price and the rental price of a piece of land.
D) the difference between the rental price and the amount of money that could have been earned using the piece of land for another purpose.
E) the profits earned by a firm in production.
Correct Answer:
Verified
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