The amount of money a firm pays to lease a building it uses for office space is called:
A) the full opportunity cost of production.
B) an explicit cost.
C) a real cost of production.
D) an implicit cost.
B
Economics
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A "market" is an arrangement that allows people to exchange things
Indicate whether the statement is true or false
Economics
There are several types of barriers to entry that can create a monopoly. Which of the following barriers is the result of government action?
A) network externalities B) public franchise C) economies of scale D) control of a key resource
Economics