Which of the following inputs do you think include relatively large economic rents in their earnings? a.

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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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Economics Principles and Policy

ISBN: 978-0538453653

12th edition

Authors: William J. Baumol, Alan S. Blinder

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Question Posted: Apr 12, 2016 07:18 AM

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Which of the following inputs do you think include relatively large economic rents in their earnings? a.

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

Economics Principles and Policy

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