Flashcard sets with a 'economic rent' term meaning 'part of payment for a factor of production that exceeds the owner's reservation price, the price below which the owner would not supply the factor.'

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1-1 of 1Flashcard sets with a 'economic rent' term meaning 'part of payment for a factor of production that exceeds the owner's reservation price, the price below which the owner would not supply the factor.'
# Title Terms Date
1Economics Chapter 6by jfong18 termsOctober 31, 2009
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