Which of the following statements is false?
A) Competing for artificial rents is socially unproductive; competing for real rents is not.
B) If the production of good X generates real rents, then in the process of competing for these real rents, it would not be unusual for the supply of good X to rise.
C) Individuals and firms will compete for real rents, but not for artificial rents.
D) An artificial rent is an economic rent that would not exist without government.
Correct Answer:
Verified
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