Pure Economic Rent Can Exist Only When a Factor Has

question 85

True/False

Pure economic rent can exist only when a factor has a demand curve that is perfectly inelastic.

---

Definitions:

Geotagging

The process of adding geographical identification metadata to various media such as photographs, videos, and social media posts.

GPS Scanner

A device or app that uses Global Positioning System technology to determine and record the precise location of objects or places.

Geographic Location

The specific physical coordinates of a place or object on the Earth's surface.

EPS

A vector file format used for graphic images, allowing for high resolution and scalability without loss of quality.