Pure economic rent is a payment to a resource that

Name: Pure economic rent is a payment to a resource that
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Pure economic rent is a payment made to a resource that has a perfectly inelastic supply, i.e., the quantity supplied cannot be increased even if the price of the resource increases. This means that the resource is not being used in an alternative way, and hence there is no opportunity cost associated with its use. Therefore, option B - "has a perfectly inelastic supply" - is the correct choice.

Pure Economic Rent Is a Payment to a Resource That