Which of the following is true about location rents?
A) They are illegal in many inner-city locations.
B) They are found by taking the shaded area below the transport cost curve.
C) They arise from differential costs in transporting food to the marketplace.
D) They arise when the MRP is lower than the cost of transporting food to the marketplace.
E) They would not exist if all land were of similar quality.
Correct Answer:
Verified
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