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A sample that is selected to resemble the entire population in its percentage of males and females, blacks and whites, and other factors is said to be a
Quota Rent
The economic rent a producer earns from the difference between the market price of a good and its supply price due to a quota limit.
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Quota Price
The cost associated with acquiring a quota, which is a government-imposed limit on the quantity of a good that can be imported or exported.
Quota Rent
Revenue earned by the holder of a production or import quota, representing the market price minus the supply price under the quota limit.
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