Answer on Microeconomics Question for cindy
supply. One difference between these markets and the market for labor is that
in land and capital markets there is both a rental value (flow) and purchase
price (stock). The difference between the rental value and purchase price is
reconciled by noting that in efficient markets, the purchase price should
reflect the value of the stream of services provided by the land or capital (or
the sum of rental values appropriately discounted).
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