Question: How would you define resource rent? (Use a diagram if you wish.)Why is resource rent important in designing an extractive industry fiscal regime? How should

How would you define resource rent? (Use a diagram if you wish.)Why is resource rent important in designing an extractive industry fiscal regime? How should resource rent be taxed?

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Resource rent refers to the surplus or excess income earned from the extraction and sale of natural resources above the normal competitive return on i... View full answer

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