If the market for land is very competitive: the economic rent does not exist. an

Question

If the market for land is very competitive: the economic rent does not exist. any new owner will receive most or all of the economic rent. the current owner will receive most or all of the economic rent. the supply curve in nature is perfectly elastic. If the market for land is very competitive: the economic rent does not exist. any new owner will receive most or all of the economic rent. the current owner will receive most or all of the economic rent. the supply curve in nature is perfectly elastic. the economic rent does not exist. any new owner will receive most or all of the economic rent. the current owner will receive most or all of the economic rent. the supply curve in nature is perfectly elastic. the economic rent does not exist.

Explanation / Answer

he current owner will receive most or all of the economic rent----100%-sure

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