2024 – Which of the following individuals would you expect to have a high level of economic rent and which would you
Economic Rent – 2024
Which of the following individuals would you expect to have a high level of economic rent, and which would you expect to have a low level of economic rent? Explain why for each.
a. Bob has a highly specialized medical skill shared by very few individuals.
b. Sally has never attended school. She is 25 years old and is an internationally known supermodel.
c. Tim is a high school teacher and sells insurance part time.
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