economics 2017-10-31T04:09:27+00:00
QuestionsCategory: Economicseconomics
Admire chikuku asked 8 months ago

what is quasi rent

1 Answers
Wiseone Staff answered 7 months ago

Quasi-rent differs from pure economic rent in that it is a temporary phenomenon. It can arise from the barriers to entry that potential competitors face in the short run, such as the granting of patents or other legal protections for intellectual property by governments.