Question: Which of the following inputs do you think include relatively large economic rents in their earnings? a. Nuts and bolts b. Petroleum c. A champion

Which of the following inputs do you think include relatively large economic rents in their earnings?
a. Nuts and bolts
b. Petroleum
c. A champion racehorse
Use supply-demand analysis to explain your answer.

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a Nuts and bolts no economic rent Many manufacturers easily produce nuts and bolts and in the long r... View full answer

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