Examlex
Which of the following is the BDOC (Big Drug On Campus) among college students?
Quota Rent
The extra profit that producers can make when supply is artificially restricted by an import quota.
Demand Price
The highest price that consumers are willing to pay for a good or service at a given quantity.
Supply Price
The lowest price at which a seller is willing to sell a good or service, influenced by costs of production and market demand.
Quota Rent
The earnings exceeding normal profits received by license holders when import quotas are in place.
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