Why do market forces drive economic profit but not economic rent toward zero?

Question

asked Jan 17, 2018 83.5k views

1 Answer

Mostafa Mohsen · Answer 1 · 2018-01-24T14:46:39+0000

Economic rent is that portion of the payment for an input that is above the suppliers reservation price for that input. For economic rent toward zero has no such effect on the economic rent for input that can't easily be replicated.

Why do market forces drive economic profit but not economic rent toward zero?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions