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If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call: a. normal profits b. interest payments c. economic rent d. abnormal
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If a factor of production has no production cost and has a fixed supply, then payments to that factor constitute what economists call:

a. normal profits

b. interest payments

c. economic rent

d. abnormal profits

User Marte
by
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1 Answer

5 votes
The answer is C: economic rent
User Noah Tran
by
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