Firms That Employ Exceptionally Productive Resources

question 62

Multiple Choice

Firms that employ exceptionally productive resources

• A) have lower costs than other firms in the industry and are able to earn positive economic profit in the long run.
• B) earn zero economic profit.
• C) will typically have to pay the exceptional resource economic rent equal to the reduction in cost attributable to employing the exceptionally productive resource.
• D) both a and b
• E) both b and c

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