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If There Are Cost Differences in Transporting Goods Produced on Different

Question 110

Multiple Choice

If there are cost differences in transporting goods produced on different acres of land to the same market,


A) only land closest to the market will be cultivated
B) landowners closest to the market will receive zero rent
C) location rents emerge
D) the market price and the supply price will be the same
E) transportation costs will be equalized by competition

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