Technological rent is
A) a high price that can be charged by the originators of a new product because they are the only producers.
B) the differential returns received by merchants whose trading efforts are supported by a cost-efficient and protection-providing state.
C) the labor time and products of direct producers that are appropriated by the ruling class in a class society.
D) the higher prices that manufacturers in places like Silicon Valley have to pay for their corporate buildings because landlords know they have the money to pay these higher prices.
E) None of the above

Question

Quizplus · Accepted Answer

Technological rent refers to the additional profits that can be earned by the originators of a new product or innovation because they have a monopoly on its production. This allows them to charge higher prices due to the lack of competition.

Technological Rent Is