economic rent

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Use 'economic rent' in a Sentence

The rent of a condo is $1000 marked by the owner, but due to the scarcity of condos in that location a person offered $1200 for the same condo. Hence $200 is the economic rent of that condo.
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Me and my friend wondered what the economic rent would be and thought it might earn us more in the next round.
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The economic rent marginally compared the alternatives for us so we could understand all of our options in the market.
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