academicgoat1157 academicgoat1157

02-05-2024
Business

Answered

Economic rents are:
a. Considered equitable when they compensate individuals regardless of talent.
b. Conducive to efficiency as they reward individuals for their hard work.
c. Beneficial for efficiency as they draw talent to firms where it can be most productive.
d. Detrimental to efficiency because they do not reflect effort expended.

Answer :

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